Chemtura Corp., a U.S. chemical maker that emerged from bankruptcy four years ago, said it’s more likely to sell itself than make a major acquisition as it evaluates its strategic options, Bloomberg News reported today. “There is a lot of interest in the company and the portfolio,” Chairman and Chief Executive Officer Craig Rogerson said in an interview. “The reality is you create value on a higher probability basis selling than buying right now with the multiples that are out in the marketplace.” Chemtura is weighing a sale amid a jump in the volume of diversified-chemical deals in the U.S., which stands at $21.1 billion so far in 2015. That puts the industry on course for its busiest year of dealmaking since 2007, according to data compiled by Bloomberg.
