Dupont edges lower, announces deal to buy Donatelle Plastics
** Shares of chemical maker Dupont de Nemours DD.N down marginally at $80.90 after markets open
** Company announced agreement to acquire Donatelle Plastics Incorporated, a medical device contract manufacturer; transaction expected to close in 3Q24
** Bloomberg News reported on Monday that DuPont's water business was drawing takeover interest from potential industry buyers like Xylem XYL.N and Veralto VLTO.N, citing people with knowledge of the matter
** Company's water business could be valued at $6 bln or more, including debt, according to the report
** In May, DuPont said it would split into three publicly-traded companies, spinning off its electronics and water businesses
** "We think DD management is open to selling should there be a substantial bid... We expect the potential universe of acquirers to be wider, as DD's Water business is relatively unique and a marquee asset with global technology and market share leadership" - KeyBanc Capital Market analysts
** Shares up 17.2% YTD
Reporting by Seher Dareen in Bengaluru
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