Apollo eyes chemical-sector exit through Hexion, Momentive merger

09/13/2010 | Reuters · Bloomberg Businessweek

Apollo Management, owner of Hexion Specialty Chemicals and Momentive Performance Materials, plans to combine the businesses, helping the private-equity parent firm to exit the specialty-chemicals sector. After the merger, which may take one to two quarters, Apollo may divest its holdings in the merged company through a sale or an initial public offering. Hexion Chairman Craig Morrison is expected to lead the merged entity.

View Full Article in:

Reuters · Bloomberg Businessweek

Published in Brief: