Specialty chemicals maker Element Solutions (ESI) has hired Bank of America (BAC) and Goldman Sachs (GS) to assist the company as it explores options, including a sale, and gauges interest from potential suitors, people familiar with the matter told Bloomberg’s Dinesh Nair, David Carnevali and Michelle Davis. The company will most likely draw interest from its peers and also from certain financial investors, the authors note. Shares of Element Solutions closed the session 9.2% higher and are currently up nearly 1% in after-hours trading.
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