DuPont would be wise to follow the MTC blueprint of spinning off their commodity chemical biz.
DuPont May Buy Stake in Israel's MA Industries, Newspaper Says
Tel Aviv, Jan. 5 (Bloomberg) -- DuPont Co., the largest U.S. chemical company, is considering buying a stake in Israel's Makhteshim-Agan Industries Ltd., Israeli newspaper Ha'aretz said without citing sources. Koor Industries Ltd., which controls the Israeli chemical manufacturer, hired Morgan Stanley to find an investor to buy 20 percent to 25 percent of MA Industries. MA Industries, traded in Tel Aviv, has a market value of $790 million, the newspaper said.
Other companies interested in buying a stake in MA Industries include Monsanto Co., Novartis AG, and BASF AG, Ha'aretz said. (Ha'aretz 1/5, p. 1 business section)
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