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Chemtura to Remain Stand-Alone Company

On June 26, 2008, Chemtura Corporation announced that, after reviewing various options for a potential sale, merger, or other business combination involving the entire company, Chemtura would continue to operate as a stand-alone company. In December 2007, Chemtura formed a special committee of its board of directors along with Merrill Lynch & Co. to review such options.

The board has ended discussions on a potential sale, merger or other business combination after determining that such discussions are unlikely at this time to result in an offer at a sufficiently attractive price. However, the company along with its advisers will continue to consider other options, including divestitures, acquisitions, joint ventures, and changes in the company’s capital structure, such as a stock repurchase program.

Here is the press release.

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