Solutia Emerges From Bankruptcy | Chemical & Engineering News
Volume 86 Issue 9 | p. 18 | Concentrates
Issue Date: March 3, 2008

Solutia Emerges From Bankruptcy

Department: Business

Solutia ended four years under bankruptcy court supervision on Feb. 28 after Goldman Sachs, Citigroup, and Deutsche Bank reversed their decision to deny the company financing. The three firms had committed to a financing package and then retracted it in January, claiming a change in the credit markets. They agreed to put up the money after Solutia filed a lawsuit.

 
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