TITLE

Market causes Lucite sale to be withdrawn

AUTHOR(S)
Robinson, Simon
PUB. DATE
June 2006
SOURCE
ICIS Chemical Business;6/12/2006, Vol. 1 Issue 23, p10
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the decision of Charterhouse Capital to sell its asset Lucite International, a producer of acrylics. It has commissioned Deutsche Bank for the sale of the business. Charterhouse has withdrawn the asset because of increased market volatility and is considering refinancing. If it does this, the proceeds are likely to be used to repay Lucite International's existing debt, including its outstanding 10.25% senior notes due in 2010.
ACCESSION #
21428406

 

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