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WITCO IN NEGOTIATIONS FOR TWO SCHERING DIVISIONS

 WITCO IN NEGOTIATIONS FOR TWO SCHERING DIVISIONS
 NEW YORK, July 9 /PRNewswire/ -- Witco Corporation (NYSE: WIT) said


today that it has been selected to enter into final negotiations with Schering AG on the possible acquisition of Schering's Industrial Chemicals and Natural Substances divisions.
 Completion of this acquisition would be subject to the execution of mutually agreeable contracts, regulatory approvals and certain other matters.
 While no terms were disclosed, Witco noted that this acquisition, if successful, would be the largest in its history.
 -0- 7/9/92
 /CONTACT: C. R. Soderlind, group vice president, 212-605-3813, or S. L. Levy, 212-605-3815, both of Witco/
 (WIT) CO: Witco Corporation; Schering AG ST: New York IN: CHM SU:


GK-SM -- NY001 -- 7666 07/09/92 04:59 EDT
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Copyright 1992 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:Jul 9, 1992
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