Celanese Corp (CE): M&A transaction — Celanese completes $11B acquisition of DuPont's Mobility & Materials business

Celanese Corp

Acquisition closed on Nov 1, 2022 for $11B in cash, subject to customary adjustments.
Funded via borrowings under credit facilities, capital markets transactions, and cash on hand.
Acquired portfolio includes engineered thermoplastics, elastomers, brands, IP, and global production assets.
Excluded from deal: DuPont's Delrin POM, Tedlar PVF, Multibase, and Auto Adhesives & Fluids businesses.
Financial statements and pro forma information to be filed by amendment within 71 days.

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

Celanese Corp completed an acquisition involving DuPont de Nemours, Inc. and one of its affiliates for $11,000,000,000 in cash (closed 2022-11-01).

Action: acquisition
Counterparty: DuPont de Nemours, Inc. and one of its affiliates
Consideration: $11,000,000,000 in cash
Closing: 2022-11-01

Exact text from the filing

to the terms and conditions set forth in the Transaction Agreement, a majority of the Mobility and Materials business of DuPont (such acquired business, the “Business”) for $11,000,000,000 in cash, subject to customary transaction adjustments (the “Purchase Price”). On November 1, 2022, the Company and DuPont completed the acquisition in accordance with the

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Source: SEC EDGAR

accession 0001104659-22-113226

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