DuPont seeks exit from paints business to focus on farms
date:Jul 24, 2013

Investment bankers said that the paint pigments business is likely to attract interest from private equity firms that have been active bidders on chemicals businesses that have come to market over the last few years.

They said that the business could be worth 6 or 7 times earnings before interest, taxes, depreciation and amortization. Using last year's pre-tax operating income of $1.62 billion, the unit could be worth more than $10 billion.

DuPont declined to comment on specific options.

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