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Blackstone, Apollo in Talks to Acquire Chemtura

9:33 AM MDT | May 28, 2008 | Kate Phillips

Private equity firms Blackstone Group and Apollo Management are in initial talks to purchase Chemtura in which the investment would most likely be a 50-50 split between the two parties, financial sources tell CW. The parties are negotiating a price tag on the deal, as well as arranging other financial details, which means talks could fail, sources say. Talks to reach a final agreement could take a couple of months, sources say. Chemtura declined to comment, except to say the company was "exploring strategic alternatives." Chemtura announced in December...

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