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Chemtura to Sell Stake in Lubricant Additives Venture

8:09 PM MDT | March 30, 2012

Chemtura is seeking U.S. bankruptcy court approval to sell its 50% stake in a lubricant additives joint venture to Sonneborn (Mahwah, NJ). Chemtura will receive $5 million in cash, and Sonneborn has agreed to assume pension, remediation and other liabilities valued at $14.2 million, according to court filings....

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