DuPont to Sell Compound Semiconductor Solutions Business for $450 Million

Date : 09/10/2019 @ 2:15PM
Source : Dow Jones News
Stock : DuPont de Nemours Inc (DD)
Quote : 72.18  1.05 (1.48%) @ 10:09PM
After Hours
Last Trade
Last $ 72.18 ◊ 0.00 (0.00%)

DuPont to Sell Compound Semiconductor Solutions Business for $450 Million

DuPont de Nemours (NYSE:DD)
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By Colin Kellaher

 

DuPont de Nemours Inc. (DD) on Tuesday said it agreed to sell the compound semiconductor solutions business of its electronics and imaging segment to South Korea's SK Siltron for $450 million.

The Wilmington, Del., company said the sale is part of its strategy of aligning its portfolio with high-return opportunities, adding that the business being sold isn't a strategic priority for the electronics and imaging segment.

Dupont said it expects to complete the sale by the end of the year.

 

Write to Colin Kellaher at colin.kellaher@wsj.com

 

(END) Dow Jones Newswires

September 10, 2019 10:00 ET (14:00 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.

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