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Apollo Said to Mull Buyout of Former DuPont Unit Chemours

  • Firm said to consider Chemours as consoliation platform
  • Analyst says Tronox more likely to be acquired than Chemours
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Apollo Global Management LLC is examining the feasibility of making an offer for Chemours Co., the former DuPont Co. chemical-manufacturing unit, and using it as a platform for consolidating other titanium-dioxide makers, people with knowledge of the matter said.

The New York-based firm held preliminary talks with bankers about a buyout of the company, which has a market value of about $1.4 billion, and then approaching other companies, including Tronox Ltd., about a tie-up to generate scale and cost efficiencies, said two of the people, who asked not to be identified because the information is private.