Celanese Corp CE:NYSE

Last Price$86.45NYSE Previous Close - Last Trade as of 7:00PM ET 7/10/20
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Bid (Size)$73.82 (2)
Ask (Size)$125.00 (1)
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Volume566.2 K

Market Chatter: Celanese May Break Up in Strategic Review

1:00PM ET 10/08/2019 MT Newswires
Celanese (CE) may break up as it undertakes a strategic review, Bloomberg News reported on Monday, citing people familiar with the matter.

The people said that Celanese is working with a financial adviser on the review, which is at an early stage. The Irving, Texas-based company has not made any final decisions, and may choose not to break up, according to the report.

Celanese makes polymers for automotive parts and other products, while its acetate tow unit makes fiber for cigarette filters, and another unit makes makes materials for adhesives and paints. A representative for the company declined to comment, Bloomberg reported.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: 118.99, Change: -0.45, Percent Change: -0.38