DuPont to sell theatre after activist criticism

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.