Celanese to Consider Breakup in Strategic Review

Celanese Corp. is undertaking a strategic review that could include a breakup of the chemicals producer, according to people familiar with the matter.

The Irving, Texas-based company is working with a financial adviser, said the people, who asked to not be identified because the matter isn’t public. The review is at an early stage, no final decision has been made and Celanese could opt against breaking up, the people said.