Several bidders have emerged for Cytec's (CYT +2.2%) coating-resin business, which the company...

|About: Cytec Industries Inc. (CYT)|By:, SA News Editor
Several bidders have emerged for Cytec's (CYT +2.2%) coating-resin business, which the company put on the block in May and which could fetch $1.3B, WSJ reports. Among those said to be eyeing the business are PE firms Advent, Apollo Global (APO) and Blackstone (BX). Shares popped just before the close on the news.