IHS Chemical Week

People & Business :: Companies

Schulman Mulls Possible Sale

2:21 PM MDT | April 1, 2008 | Kerri Walsh

Schulman says it has hired UBS Investment Bank as its financial adviser to explore alternatives including an acquisition, merger, or sale. The company formed a board committee late last year to decide how it should proceed amid declining profits from Schulman’s North American operations (CW, Nov. 28/Dec. 5, 2007, p. 12). “This is the latest step in the ongoing process of evaluating all alternatives available to the company to maximize stockholder value,” says Joseph M. Gingo, chairman, president and CEO at Schulman. “We will also continue...

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