Chemical maker DuPont is considering the sale of its auto and vehicle paint business and has hired Credit Suisse Group AG to advise on the sale, according to sources familiar with the matter.The performance coatings business, which makes paint for cars, aircraft and boats, could be worth $3 billion to $4 billion one of the sources said.The unit's pre-tax operating income for the first three quarters of 2011 was $210 million, up 14 percent from last year. It had $255 million in pre-tax operating income for full year 2010.DuPont and Credit Suisse both declined to comment.
Credit Suisse Group AG (Credit Suisse) is a financial services company. Shares of CS fell by 2.96% or $-0.94/share to $30.85. In the past year, the shares have traded as low as $22.23 and as high as $47.63. On average, 2908490 shares of CS exchange hands on a given day and today's volume is recorded at 2316642.
