Imerys mulls sale of talc business

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French group Imerys is exploring options for its North America talc unit, which has filed for bankruptcy. The company is considering strategic alternatives including a sale of the business, adding that Imerys plans to work with advisers at PJT Partners, though a formal mandate will require court approval.

Imerys Talc America filed for Chapter 11 bankruptcy in February 2019, saying it lacked the financial acumen to defend against nearly 15,000 lawsuits over its talc mineral product, which is also used in cosmetics.

Imerys and J&J have repeatedly denied the allegations about talc, saying numerous studies and tests by regulators worldwide have shown their talc to be safe.

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