Chemtura Files Reorganization Plan

Chemtura filed its plan of reorganization with the U.S. Bankruptcy Court last week, the company said in a statement, which would pave the way for the company to emerge from bankruptcy protection by the end of September. Chemtura says the plan has potential to satisfy all creditors’ claims in full, as well as offer value to equity holders. Rogerson: A significant milestone. The reorganization plan assumes an enterprise value of roughly $2.05 billion for Chemtura upon exit from bankruptcy. Under the plan...

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