UPDATE: Chemours (CC) Was Never Scheduled to Participate in UBS Conference

August 24, 2016 10:01 AM EDT

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(Updated - August 24, 2016 11:27 AM EDT)

Shares Chemours (NYSE: CC), a company some traders view as a potential takeover target, were volatile Wednesday amid rumors the company canceled out of an upcoming UBS conference. However, according to a spokesperson, Chemours was never scheduled to participate in the UBS conference.

After briefly spiking higher Chemours gave up gains later in the morning session, and now trade lower by 0.5%.

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