IHS Chemical Week

World News and Views :: Top of the News

Court Approves Solutia’s Bankruptcy Plan

3:12 PM MST | November 30, 2007 | Michelle Bryner

Solutia says a federal court has approved its reorganization plan, paving the way for the company to emerge from bankruptcy by early next year. Solutia filed for Chapter 11 bankruptcy protection in 2003, saying it could no longer manage the legal liabilities it assumed in the spin-off from its former parent Monsanto, including pension payments and environmental litigation costs. The reorganization plan calls for $250 million to be raised through a rights offering to bondholders and general unsecured creditors, Solutia says. Monsanto, which spun off its industrial...

This information is only available to Chemical Week subscribers.

Username:
Password:

Forgot your user ID or password?
Click here to have it sent to you.

Risk Free Trial

Email Address

First Name

Last Name

Click here to register and get your RISK-FREE access to chemweek.com

Not an IHS Chemical Week
24/7 member yet?

Here's why you should be:

  • Searchable online archive access of the last 2 years of Chemical Week.
  • Print or digital magazine subscription
  • Price and market change alerts
  • Economic data and statistics
  • Buyers' Guides
  • Webcasts | whitepapers

 

 

 













 
contact us | about us | customer care | privacy policy | sitemap | advertise

ihsCopyright © 2014 IHS, Inc. All rights reserved. Reproduction in whole or in part without permission is prohibited.

North Asia Russia Southeast Asia China India/Pakistan Middle East Eastern Europe Western Europe Central America Canada USA Australia/New Zealand South America Africa