Chemtura Announces Expected Sale of EPDM and Certain Rubber Chemicals Businesses

06-Nov-2006

In order to place greater focus on its core businesses, Chemtura Corporation announced that it has signed a letter of intent to sell its EPDM business and the rubber chemicals businesses associated with Geismar, Louisiana as well as Flexzone(R) antiozonants worldwide. The parties are working toward a definitive agreement, which is expected to be signed by the end of the year. The transaction is subject to regulatory approvals. Proceeds from the sale will be used primarily for debt reduction.

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