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Thursday, January 20, 2011

REFILE-Sued-Chemie attracts at least four suitors -sources, (SUCG), (NYSE: HON), (UMI), (CLN)

Buyout firm One Equity Partners (OEP) has lined up at least four bidders for its majority stake in German catalyst maker Sued-Chemie (SUCG.DE), three people familiar with the sale said on Wednesday. U.S. conglomerate Honeywell (HON.N), Belgian catalyst and battery-materials maker Umicore (UMI.BR), the Japanese maker of Verbatim data disks Mitsubishi Chemical (4188.T) and Swiss chemicals group Clariant (CLN.VX) are among prospective buyers, said the sources, who are close to the suitors. A spokesman for OEP, which holds 50.41 percent in the group, said the private equity company was looking into strategic options including a sales of the stake, repeating earlier remarks. A Sued-Chemie spokesman decline to comment. A Mitsubishi Chemical spokesman said he had not heard of the matter. All other bidders declined to comment.

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