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Business

Chemtura Ends Effort To Sell Itself

June 30, 2008 | APPEARED IN VOLUME 86, ISSUE 26

Chemtura says its board of directors has decided to end its pursuit of a sale, merger, or other business combination after determining that the price was unlikely to be high enough. In December, the firm announced that it had hired Merrill Lynch to help it explore strategic alternatives including a sale or merger. Chemtura says it will continue as a stand-alone operation but will keep exploring options such as business sales, joint ventures, and a stock repurchase program.

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