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Chemtura Corp Announces Agreement To Sell Antioxidant And UV Stabilizers Business For $200 Million To SK Capital Partners

Monday, 12 Nov 2012 08:00am EST 

Chemtura Corp announced it has entered into an asset purchase agreement to sell its Antioxidant and UV Stabilizers business, including dedicated manufacturing plants in the U.S, France, and Germany, to an affiliate of SK Capital Partners, for $200 million and the assumption of certain liabilities. The purchase price is subject to a post-closing net working capital adjustment. The transaction is subject to customary closing conditions. Proceeds from the sale will be used for repayment of debt and investment in Chemtura`s continued growth. The transaction is expected to close by the end of 2012 or in early 2013. 

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