Issue Date: June 23, 2010
Chemtura Files Reorganization Plan
Chemtura has filed a plan of reorganization with the U.S. Bankruptcy Court that is supported by bondholders and other creditors. However, shareholders say they are developing an alternate plan that would give them a greater stake in the reorganized company when it finally emerges from bankruptcy.
The Chemtura plan demonstrates the firm's progress to becoming "a stronger, leaner global enterprise," says CEO Craig A. Rogerson, calling it "a testament to the outstanding progress . . .
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