Deals and IPOs

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.