DuPont seeking buyers for Teijin JV-Bloomberg
The assets will likely fetch less than $1 billion each, Bloomberg reported.DuPont is also considering buying the 28 percent stake it doesn’t already own in Solae LLC, its soy-products joint venture with Bunge Ltd , Bloomberg said. It added that DuPont has put that process on hold while it decides whether to merge the business with Danisco, a Danish-based maker of food ingredients and enzymes.Goldman, Greenhill, Bunge and Dupont were not immediately available for comment.
Entrepreneur’s Rival in China, The State & Government
nytimes.comAccording to Cathay, a factory manager stole its secrets and started a rival company that has begun selling a suspiciously similar ingredient, undermining Cathay’s profits. Instead of planning to go public, Cathay is now struggling to stay in business.
In this counterfeit-friendly nation, employees run off with manufacturing designs almost daily. But according to Cathay, this was copying with a special twist: the new competitor, Hilead Biotech, is backed by the Chinese government.
