Chemtura to Review Options, Including Possible Sale

Chemtura says its board has authorized management to “consider a wide range of strategic alternatives available to the company to enhance shareholder value.” The company has formed a committee of independent directors to oversee the process and has retained Merrill Lynch to act as financial adviser. “Strategic alternatives to be considered may include, among others, select business divestitures, value-creating acquisitions, changes to the company’s capital structure, or a possible sale, merger, or other business combination involving the...

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