Markets: News  

Shares of Chase Corp. (CCF) rallied more than 5% in the extended session Friday after The Wall Street Journal reported that the specialty-chemicals maker is working with advisers on a potential sale. According to the report, which cited people familiar with the matter, Chase has received multiple bids from private-equity firms and other industrial companies. One of the private-equity bids comes from Pritzker Private Capital, the report said. Pritzker Private Capital is a family-owned investment firm connected to the family of Illinois Gov. J.B. Pritzker and others. Chase Corp.'s market capitalization hovered at around $1.17 billion, according to FactSet as of late Friday. The stock has gained about 43% so far this year, compared with an advance of around 12% for the S&P 500 index.

-Claudia Assis

This content was created by MarketWatch, which is operated by Dow Jones & Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal.

(END) Dow Jones Newswires

June 09, 2023 17:19 ET (21:19 GMT)

Copyright (c) 2023 Dow Jones & Company, Inc.