No agreement has been reached yet, a BMS spokesperson said.
Bayer MaterialScience and Michel Baulé merge their cast-elastomers businesses into a JV in mid-2008, with each partner holding a 50-percent interest.
The JV, which combined the extensive know-how of both partners in PU elastomers, is based in Romans, France, at a site owned by Michel Baulé.
Baulé SAS develops prepolymer systems for hot- and cold-cast elastomers as well as the low-pressure dispensing equipment for processing them.
The JV has French and German sites and subsidiaries in the UK, the US and China.