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Solutia to Meet Estimates; Nylon Sale Expected This Quarter

10:00 PM MST | January 26, 2009 | Nancy Seewald

Solutia says it expects adjusted Ebitda from continuing operations for 2008 to be within its previous guidance range of $385 million-$395 million. The company also says it "anticipates announcing a disposition" of its nylon assets by the end of the first quarter. Solutia announced last year that it was exploring strategic alternatives for the unit, including a sale, and currently reports its nylon assets as discontinued operations. For the fourth-quarter, Solutia expects earnings from continued operations prior to Chapter 11 reorganization activities of...

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