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Solutia Sues Banks Over Breakdown of Exit Finance Package

11:02 AM MST | February 6, 2008

Solutia filed suit against lenders that had committed to fund a $2-billion exit financing package. The lenders, including affiliates of Citigroup, Goldman Sachs, and Deutsche Bank, said last month that deteriorating credit market conditions had made it impossible for the banks to meet the commitment....

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