Chemtura to sell EPDM, rubber chemicals activities

Middlebury, Connecticut - Chemtura Corp. has signed a letter of intent to sell its EPDM and rubber chemical businesses. Chemtura did not say which company it is currently negotiating with.

In a statement, Chemtura said, “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.”

The EPDM and Rubber Chemicals businesses being sold had revenues for the twelve months…

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