Possible sale of additive player Chemtura terminated

Tag : as additive
Leading global polymer additive manufacturer and supplier Chemtura,has terminated discussions on a sale, merger or other possiblecombination. The US$3.7 bln group has decided to remain independentafter earlier speculation had linked the group to a possible saleto private equity players Apollo and Blackstone. The company is ofthe opinion that the timing of the sale is not correct, and it isunlikely at this time to result in a sufficiently attractive price.However, the board has instructed its management, a specialcommittee and finance advisers Merrill Lynch to continue evaluationof other strategic options, including selective divestitures, jointventures, value creating acquisitions and a possible sharebuy-back.