Reuters - Advent, Rhone Group Lead Bidders for Cytec Unit

Private equity firms Advent International and Rhone Group have emerged as the lead bidders for Cytec Industries Inc's coating resins business that could fetch around $1 billion, writes Reuters. The specialty chemicals company has narrowed the list of potential buyers to Advent and Rhone after reviewing final bids, and is expected to make a decision about a buyer soon, writes Reuters.

North AmericaUSBriefs