DuPont (DD +0.2%) says it completed a sale of its business that makes trichlorosilane, the primary raw material used in producing ultra-pure polysilicon, and its equity interest in the Hemlock Semiconductor joint venture for $725M.

According to Bloomberg, KeyBanc analyst Aleksey Yefremov says the sale to Hemlock shows management's commitment to selling its non-core assets, adding that the deal's proceeds should move DuPont's leverage to 2x from 2.2x.

RBC's Arun Viswanathan says the deal was expected by the market but he is "pleasantly surprised that management was able to complete the transaction now in a period of high volatility."

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