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Chemtura Ends Talks for Potential Company Sale

9:15 AM MDT | June 26, 2008 | Michelle Bryner

Chemtura says its board has ended discussions of a potential sale, merger, or business combination involving the entire company after determining that these talks are "unlikely at this time to result in an offer at a sufficiently attractive price." The company will continue to consider other options including, select business divestitures, value-creating acquisitions, joint ventures, and changes to the company’s capital structure, which could include a stock re-purchase program, Chemtura says. Chemtura says that a special committee of the...

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