ENERGY

DuPont Plans Sale of Conoco Assets: Wilmington, Del.-based DuPont’s sale of about $650 million worth of assets in its oil subsidiary will help finance the $8.8-billion repurchase of a block of its stock from Seagram Co., a company spokesman said. DuPont Co. also plans to reissue about $3 billion worth of the stock, rather than the $3.5 billion initially estimated, of the 156 million shares purchased from Seagram on April 6, spokesman Mike Ricciuto said. Ricciuto said new details of the share-purchase financing were recently disclosed at a meeting with industry analysts. It was the first time the nation’s largest chemical company has confirmed sales of Conoco assets were planned and placed a value on them, although officials had earlier said Conoco asset sales were possible.