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Chemtura Expected to Exit Bankruptcy This Week

11:29 AM MST | November 9, 2010 | Vincent Valk

Chemtura, whose reorganization plan was approved by U.S. Bankruptcy Court in New York late last month, expects to exit bankruptcy this week, according to an SEC filing. In a filing detailing certain claims under the bankruptcy settlement, Chemtura said it could emerge as soon as today. However, a motion filed by Chemtura creditor Pentair, though denied by the bankruptcy court, has likely delayed the process, says Jefferies & Company analyst Stephen Grahling. As a result, Jefferies expects Chemtura to exit bankruptcy tomorrow, Grahling adds. Most claims...

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