Since the negotiations are in their preliminary stages, DuPont did not disclose the name of the third party and will not provide any other information at this time. There can be no assurance that any such sale efforts will be successful or, if successful, of the terms, conditions and timing of any potential transaction, Dupont says.
DuPont continues to consider all options to separate DTI, including an Initial Public Offering (IPO). In February 2002 DuPont announced its intent to separate DTI by the end of 2003, market onditions permitting. All activities required to execute such a transaction remain on their scheduled timeline.
On Feb. 1, 2003, DTI became a wholly owned subsidiary of DuPont. On March 19, 2003, DuPont announced its intent to make a tender offer for the 24 percent of the shares of DuPont Canada that it does not already own. DTI comprises a substantial portion of DuPont Canada's business and operations.