Cytec (CYT) More Likely Takeover Target If Coating Resins Unit Sold; GE, 3M, Honeywell Could Be Interested
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Shares of Cytec (NYSE: CYT) are paring recent gains sparked by headlines from DealReporter which rumor GE (NYSE: GE), 3M (NYSE: MMM) or Honeywell (NYSE: HON) may be interested in the company as a pure play if Cytec divests its coating resins unit.
Although well off session lows, Cytec shares are still down about 4.1 percent at last check.
Although well off session lows, Cytec shares are still down about 4.1 percent at last check.
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