DuPont updates close of Invista sale

By Staff -- Home Textiles Today, 4/14/2004 12:00:00 AM

WILMINGTON, Del. — DuPont announced that KED Fiber Ltd. and KED Fiber, LLC — subsidiaries of Koch Industries — will move up the closing of the sale of Invista to April 30, two months ahead of plan.

Last November, DuPont agreed to sell Invista to Koch's subsidiaries of for $4.4 billion, the assumption of debt and some joint venture and equity interests.

DuPont and the Koch companies have since adjusted the sale price to $4.2 billion, including the assumption of debt and certain joint venture and equity interests. No further details were disclosed.