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Chemtura Explores Asset Sales

12:20 PM MDT | August 18, 2009

Chemtura, which filed for bankruptcy in March, is exploring the sale of several assets, including its polyvinyl chloride (PVC) additives business and polyurethane dispersions business. Lazard, which has been retained by Chemtura as investment banker to advise on restructuring and M&A, has worked with the company to identify potential acquirers for certain non-core assets and “sale processes are ongoing,” according to court filings. Chemtura was in discussions with bidders for its agricultural chemical and fuel additives prior to its bankruptcy...

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