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Chemtura Exits Bankruptcy

9:08 AM MST | November 12, 2010 | vincent valk and nancy seewald

Chemtura exited from bankruptcy protection last week, some 20 months after sharp demand declines and debt burdens drained liquidity and forced a Chapter 11 filing. The company’s reorganization plan was approved by the bankruptcy court late last month (CW, Oct. 25/Nov. 1, p. 13). Newly issued stock in restructured Chemtura began trading on the New York Stock Exchange last Thursday, under the symbol “CHMT.” In an SEC filing detailing claims distribution under the bankruptcy settlement, Chemtura said last week that most claims against the company will be...

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