21 May 2012 21:20 [Source: ICIS news]
HOUSTON (ICIS)--US-based Cytec Industries' coatings resins business will likely attract private-equity firms and producers in Asia, an investment firm said on Monday.
The business could sell for a price that is 4.5-6.0 times its earnings before interest, tax and depreciation (EBITDA), said KeyBanc Capital Markets.
KeyBanc estimated that the coatings business's annual EBITDA was $150m-200m (€117m-156m).
The company said it was considering such a sale in October.
($1 = €0.78)
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