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ICI AND DU PONT TO DISCUSS TRANSACTION

 ICI AND DU PONT TO DISCUSS TRANSACTION
 WHO: Imperial Chemical Industries (ICI)
 WHEN: Today, 11:00 a.m.
 WHERE: 645 Fifth Ave. (at 51st Street)
 12th Floor
 WHY: ICI and Du Pont announced today that they have reached
 agreement in principle on two transactions by which ICI
 will acquire Du Pont's acrylics business in the United
 States and Du Pont will acquire ICI's European-based
 nylon business.
 A number of key ICI executives are currently in New York
 and will host a presentation today to discuss the
 transaction and ICI's growth strategy for its acrylics
 business as well as its U.S. expansion.
 The presentation will be made by:
 J.D.F. Barnes, C.B.E., executive director
 Dr. Ben H. Lochtenberg, regional chairman North American
 Dr. Bill Madden, chief executive officer, ICI Materials
 David White, managing director, ICI Acrylics
 CONTACT: Pat Preston of ICI, 212-644-9292.
 -0- 4/23/92
 (ICI) CO: Imperial Chemical Industries PLC; Du Pont ST: New York IN: TEX CHM SU:


GK -- NY013 -- 1638 04/23/92 08:12 EDT
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No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:Apr 23, 1992
Words:173
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