Acquisition Talks Involving Chemtura

Blackstone Group and Apollo Management are holding discussions about acquiring specialty chemicals maker Chemtura Corporation. After the news broke on Wall Street today, shares of Chemtura rose 67 cents to close at $8.47. Chemtura was formed in 2005 with the merger of Crompton Corporation and Great Lakes Chemical Corporation. Crompton was formed in 1999 by the merger of Crompton & Knowles Corporation and Witco Corporation. Chemtura has sales of more than 3 point 5 billion dollars a year and employs about 56 hundred people.

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