Blackstone, Apollo Mull Buying Chemtura
Private equity firms Apollo Management and Blackstone Group are weighing the purchase of chemicals company Chemtura, but discussions are at an early stage, a source familiar with the situation said Tuesday.
The private equity firms are still arranging financing and a price tag for Chemtura has not been finalized, the source said.
The talks could fall apart and many details must still be resolved, the source said.
Chemtura, which has a market capitalization of about $1.9 billion, had said in December it was pursuing strategic alternatives.
Apollo and Chemtura could not be immediately reached for comment.
Blackstone declined to comment.