MONTHS AFTER it put itself up for sale, Chemtura may have found a buyer. According to industry reports, private equity firms Apollo Management and Blackstone Group are negotiating to buy the beleaguered specialty chemical firm. At press time, the two investor groups were said to be negotiating a price and arranging for financing. However, many details still must be worked out, and the talks could
... [Show full abstract] fall apart. All parties involved in the negotiations are playing things close to the vest. “We have nothing to announce at this point,” a Chemtura spokeswoman says. Apollo and Blackstone also declined to comment. One stock analyst, who asked not to be identified, notes that if Blackstone and Apollo succeed in working out a purchase, Chemtura would gain access to the management network of two seasoned deal makers. Both private equity firms have successfully bought and sold chemical firms in the past. Blackstone, for instance, had a hand in ...