DuPont to sell theatre after activist criticism
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New York
US chemical giant DuPont is getting ready to take its bow from musical theatre. The chemical company said on Monday it will sell a 100-year-old company-owned theatre, four months after shareholder activists highlighted the asset as an example of DuPont's mismanagement.
The Dupont Theatre will be acquired by the Grand Opera House, another performing-arts organisation in Wilmington, Delaware, where DuPont is based. The theatre will be renamed the Playhouse on Rodney Square, DuPont said. Financial terms were not disclosed.
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