IHS Chemical Week

Markets :: Engineering Plastics :: Nylon

Court Approves Solutia’s Bankruptcy Plan

3:04 PM MST | November 29, 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.


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

Not an IHS Chemical Week member yet?

Here's why you should be:

  • 31 issues of Chemical Week magazine in print or digital format
  • Critical daily news and analysis on chemweek.com
  • Free mobile edition 
  • 20+ years of online archives
  • Topical e-newsletters that capture the most impactful events
  • Special issues with a regional or company focus
  • Global Outlook issue

Subscribe now

100% Satisfaction Guarantee
If at any time you are not completely satisfied with IHS Chemical Week, simply notify us and we'll refund the balance of your paid subscription - no problem.

Learn more about group subscriptions and site licenses.


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

ihsCopyright © 2015 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