Grace Angles For Big Acquisition As Ch. 11 Exit Nears

Law360, New York (June 21, 2011, 1:47 PM EDT) -- W.R. Grace & Co. said Monday it was looking to make a major acquisition as it nears the end of an epic Chapter 11 case in Delaware, claiming the deal will boost the chemical and materials maker’s capacities for years to come.

Grace and its affiliated debtors asked the bankruptcy court for permission to vie for a company at auction while maintaining utmost secrecy about the target and Grace’s own business information to avoid “great harm” to its operations and the integrity of the sales process....
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