Blackstone and Apollo in Talks to Acquire Chemtura

摘要

New York-based private equity firms Blackstone Group and Apollo Management are in initial talks to jointly purchase Chemtura, according to a recent Wall Street Journal report. The price tag as well as other financial details of the deal are as yet under discussion, deal are as yet under discussion, however, and the deal may fail as the talks are only in the initial stages, financial sources tell CW. Any agreement could take a couple of months to finalize, sources add. Chemtura declined to comment on the report, except to say that it is "exploring strategic alternatives."