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November 18, 2005
By: DAVID SAVASTANO
Editor, Ink World Magazine
Phelps Dodge Corp. announced Nov. 16 it has agreed to sell its Columbian Chemicals Co. subsidiary, a leading manufacturer of rubber and industrial carbon-black products, to a company owned jointly by One Equity Partners, a private equity affiliate of JPMorgan Chase & Co., and South Korean-based DC Chemical Co. Ltd. The transaction is subject to customary closing conditions, including regulatory approvals. Under the terms of the agreement, Phelps Dodge expects to receive cash proceed...
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