American Pacific considers selling itself -sources

Reuters

(Corrects stock ticker for American Pacific in paragraph 1)

By Michael Erman and Greg Roumeliotis

NEW YORK, Oct 3 (Reuters) - American Pacific Corp,which makes chemicals used in the pharmaceutical and aerospaceindustries, is considering selling itself, according to threesources familiar with the matter.

One of the sources said that the chemical company wascurrently in advanced talks with bidders on a sale and couldannounce a transaction in the near future. It has hired KeyBancto advise on the sale, two of the sources said.

American Pacific, which also manufactures fire protectionand water treatment chemicals, currently has a marketcapitalization of around $420 million. The company's share pricehas nearly quintupled over the last year.

Its shares have risen 47 percent since it reported its mostrecent quarterly earnings in August.

American Pacific and KeyBanc could not be immediatelyreached for comment. (Reporting by Michael Erman; Editing by Steve Orlofsky)

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