Reichhold Chemicals Inc. said it is pursuing...

Reichhold Chemicals Inc. said it is pursuing alternatives to Dainippon Ink and Chemicals Inc.’s $52.50-a-share buyout offer following the Tokyo-based firm’s notification that it was not prepared to sweeten the offer immediately. Reichhold said it received a letter from Dainippon asking Reichhold not to grant other suitors stock or asset options, cancellation fees or other special arrangements. Characterizing Dainippon’s request as “self-serving,” White Plains, N.Y.-based Reichhold said that it would explore buyout inquiries from other parties.