Several buyout firms are poised to bid in the roughly $4 billion
auction for DuPont & Co.'s (DD) performance coatings unit,
Reuters reported Friday citing people familiar with the matter.
KKR & Co. (KKR), Bain Capital LLC, TPG Capital and Onex
Corp. (ONEXF) and others have made inquiries and talked to banks
about financing a potential deal, these people told Reuters.
DuPont, advised by Credit Suisse Group AG (CS), intends in
January to send financial information of the unit to interested
parties, Reuters reported the sources as saying.
DuPont, KKR, Bain and Onex declined to comment, while
representatives for TPG didn't immediately respond to a request for
comment, according to Reuters.
Full story at
http://www.reuters.com/article/2011/12/09/us-dealtalk-dupont-sale-idUSTRE7B821R20111209
-Dow Jones Newswires; 212-416-2900
