Bloomberg reports Blackstone, KKR, and Clayton Dubilier & Rice have made bids for Carlyle-owned (CG) chemicals maker PQ Holdings. In addition, specialty chemicals maker Albemarle is said to be interested. Two sources think PQ could fetch $3B-$4B.
PQ filed for a $450M IPO last month. But the move is widely seen as an attempt by Carlyle to pursue a dual-track process, rather than an abandoning of sale attempts.
Previously: Carlyle reportedly prepping IPO or sale of PQ