Chemtura to Review Options, Including Possible Sale(job)

Chemtura to Review Options, Including Possible Sale


Chemtura says its board has authorized management to à "consider a wide range of strategic alternatives available to the company to enhance shareholder value”
"Strategic alternatives to be considered may include, among others, select business divestitures, value-creating acquisitions, changes to the company's capital structure, or a possible sale, merger, or other business combination involving the entire company,"
Restructuring plan (eliminate about 620 jobs, or 10% of its global workforce) à result about $50 million/year in costs savings
· "Seeks to invest in undervalued and under-performing public companies, and prefers to work closely with the management of those companies to effect positive change through active, hand son influence and involvement."