- Associated Press - Monday, January 12, 2015

WILMINGTON, Del. (AP) - The DuPont company is selling its theater business in Wilmington.

The company announced Monday it will sell its DuPont Theatre business to The Grand Opera House, which is nearby. The sale is expected to close Jan. 20. The terms were not disclosed.

DuPont will continue to manage the theatre until the transaction closes. The theatre will then be renamed The Playhouse on Rodney Square. Officials say the sale will have no effect on the remainder of the season, theatre subscription packages or ticket prices.

The theater, which is located in the Hotel du Pont, originally opened on 1913 and was the brainchild of three DuPont executives, according to its website. DuPont will continue to own the building the theater is in. In addition to the hotel, it houses company offices.

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