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Chemtura Eyes Asset Sales to Ease Liquidity Crunch
February 10, 2009 | Robert Westervelt
Chemtura says it is pursuing “multiple asset sales” as it works to secure cash and insure liquidity needed to meet a $370 million debt payment due on July 15. The company also released unaudited sales revenues for the fourth quarter of $690 million, down 23% from the year-ago quarter....
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