Chemtura Extends Bankruptcy Protection to Canadian Subsidiary

Chemtura says it has amended the terms of its Chapter 11 reorganization to include its Canadian subsidiary Chemtura Canada. The move extends diacetyl liabilities protection to Chemtura’s Canadian operations. “The filing of our revised plan and disclosure statement represents further progress in our restructuring and another step toward emerging in the coming months,” says Chemtura chairman, president, and CEO Craig Rogerson. “We determined, with the support of our major constituents, that a court-supervised process for Chemtura Canada on...

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