Document 0g8N4x1kgOwp2d888075eRj7M

PLAINTIFFS EXHIBIT UC-466 From R. H. GREGORY, Jr. 551-6464 October 1, 1968 MR. F.D. DEXTER 29th FI., Bldg. Frank:- I have redone your memorandum on asbestos. I hope you will find the enclosed to your taste. DRAFT RHGJRrdes 10/1/66 CALIDRIA POSITION 1. UCC is planning to dispose of its calidria asbestos assets by mid-1969. Until this disposition takes place, UCC will conduct this business as actively as it has in the past. There is no reason to believe that a company acquiring this business will not continue to operate it substantially in the same manner that UCC has. 2. The disposition of the calidria asbestos assets has been decided upon because (a) Even though UCC's asbestos business has probable long-range financial returns that appear attractive, UCC has determined to concentrate its efforts in areas more directly served by UCC's special expertise and technology. (b) The business of calidria asbestos is a clearly defined, separate activity of UCC. The disposition of these assets can, therefore, be easily accomplished and will not affect appreciably other UCC activities. (c) UCC's calidria asbestos assets are tangible -- consisting of plant, reserves, patents, customers -- and have significant value. Calidria Position d*jbk ruj A 1. UCC is planning to divest itielf of the CaH.dria Asbestos Busine*ss A completion goal af mid 1969. ?n business will be mnVn^aTnad 4999 ^~ rwf i " t IS*mI i is anticipated that any purchaser 'Gontracfce vrlH be hw>wJi 'ilk. iL jSw dltukJ tyW The divestment ofCalidria Asbestos is dictated because: !*</ r J a. UCC wamrngmtmeas&mmmmt to concentrate its effort ' * "* -- ------------ Tprosr^ ^ `,~9*?rt~l b. Cairidria AsbestOa,~ertiile not-neccaoarily first choice JFToin /tcAtusM*' sfok^ucC&f'?&ec$7 At&U a linger rangn finnnrlnl ntnnripninf, is a separate entity in r~ u^Mr -7 A itself,/and oan-4>e-^go^fr-itr-it,-entirety<It is impractical t-r. ^` "Mfh 1g p1 -~t- -epcruLiuiuil uonpiuL. The Calidria Asbestos transaction would be clean, concise ando-h0^' c. Assets 9% Calidria AsbestostbwoiaiM are tangible -- plant, reserves, patents, customers -- and valuable. d. Other projects are more "akin" to UCC's main interests Sr. -chamicala; plnatiaauo and more dependent on UCC strengths -- . technology, chemical processing, etc. of, TL GJUtC, &4r.vfa ^ *&*r^*T 'ic/ctt&f i? htf -djfi&Hlhf dfyQbdkj' %-Lf fM})