Solutia Chemical Co fka SOLUQ

[mkinhaw]

New symbol SOA old shares cxld
as of close today
new shares start on mar 03 on NYSE
MK

[Seminole Red]

olutia Inc. Emerges From Chapter 11 as a Market-leading Specialty Chemicals C

Solut a Inc ()
Story 0031 (SOLUQ)




ST. LOUIS, Feb. 28, 2008 (PRIME NEWSWIRE) -- Solutia Inc. (NYSE:SOA-WI) today emerged from Chapter 11 reorganization. "Solutia has emerged as a well-positioned specialty chemicals and performance materials company with market-leading global positions and a diverse portfolio of high potential businesses," said Jeffry N. Quinn, chairman, president and chief executive officer. "We believe we are a stronger, healthier and more competitive company than at any point in our history. Over the past four years, we have transformed our portfolio through strategic acquisitions, internal investments, asset dispositions, and the re-deployment of significant nylon assets to higher-value uses."

During its time in Chapter 11, Solutia has diversified from both an end-market and a geographic perspective. In 2007, the company's net sales from outside the United States were 55% of the total revenue, compared to 39% in 2003. The increase has been driven primarily by Solutia's Asian growth strategy, as well as significant growth in Europe.

"During this period, we have made great strides in improving our financial


"During this period, we have made great strides in improving our financial position by reducing legacy liabilities, enhancing and focusing the business portfolio and delivering strong revenue and operating earnings growth and momentum," said James M. Sullivan, senior vice president and chief financial officer. "With a strong balance sheet and more than 50% of our portfolio growing at greater than two times global GDP, we believe we are positioned to deliver increased shareholder value."

As previously announced, on November 29, 2007, the U.S. Bankruptcy Court for the Southern District of New York confirmed Solutia's plan of reorganization and approved the company's exit from bankruptcy subject to certain conditions including the funding of an exit financing facility. Today Solutia's $2.05 billion exit financing facility was funded by Citigroup Global Markets Inc., Goldman Sachs Credit Partners L.P., and Deutsche Bank Securities Inc. This exit financing is being used to pay certain creditors, and for ongoing operations.

The new common stock of reorganized Solutia is scheduled to begin trading on the New York Stock Exchange under the ticker symbol SOA on Monday, March 3, 2008. (Currently the stock symbol also includes the "WI" notation). The "old" Solutia stock, which was trading over-the-counter under the SOLUQ ticker symbol, together with warrants or options to purchase old common stock, were cancelled as of today.

About Solutia Inc.

Solutia is a market-leading performance materials and specialty chemicals company. The company focuses on providing solutions for a better life through a range of products, including Saflex(r) interlayer for laminated glass, CPFilms(r) aftermarket window films, high-performance nylon polymers and fibers sold under brands including Vydyne(r) and Wear-Dated(r), Flexsys(r) chemicals for the rubber industry, and specialty products such as Skydrol(r) aviation hydraulic fluid and Therminol(r) heat transfer fluid. Solutia's businesses are world leaders in each of their market segments. With its headquarters in St. Louis, Missouri, USA, the company operates globally with approximately 6,000 employees in more than 60 countries. More information is available at www.Solutia.com.

The Solutia Inc. logo is available at http://www.primenewswire.com/newsroom/prs/?pkgid=2620

Forward Looking Statements

This press release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which can be identified by the use of words such as "believes," "expects," "may," "will," "intends," "plans," "estimates" or "anticipates," "scheduled to" or other comparable terminology, or by discussions of strategy, plans or intentions. These statements are based on management's current expectations and assumptions about the industries in which Solutia operates. These statements, including our intention to enter into the credit facilities, are subject to risks and uncertainties, including without limitation, general market conditions, our ability to satisfy closing conditions, the performance of the company's business and other risks detailed from time-to-time in the company's filings with the Securities and Exchange Commission. Forward-looking statements are not guarantees of future performance and are subject to significant risks and uncertainties that may cause actual results or achievements to be materially different from the future results or achievements expressed or implied by the forward-looking statements. These risks and uncertainties include, but are not limited to, those described in Solutia's most recent Annual Report on Form 10 -K, under "Cautionary Statement About Forward Looking Statements," Solutia's quarterly reports on Form 10 -Q, and in filings with the U.S. Bankruptcy Court in connection with the Chapter 11 case of Solutia Inc. and 14 of its U.S. subsidiaries. These reports can be accessed through the "Investors" section of Solutia's website at www.solutia.com. The bankruptcy court filings can be accessed by visiting www.trumbullgroup.com. Solutia disclaims any intent or obligation to update or revise any forward-looking statements in response to new information,



unforeseen events, changed circumstances or any other occurrence.

-0 - CONTACT: Solutia Inc.

Media:
Dan Jenkins
(314) 674 -8552
Investors:
Susannah Livingston

[pkripper]

check message #48, i believe you will be offered the option to purchase at $17.23 per share. The new offering starts at $20. It goes more in depth on the 8k.

[CohibaMan]

Hmmm....What does that mean for current SOLUQ holders? Do you just lose the shares and your money, or will you get shares of SOA?

[pkripper]

New Solutia Stock Begins Trading On the New York Stock Exchange On a When Issued Basis
PrimeNewswire - December 20, 2007 4:25 PM ET

Related Quotes
Symbol Last Chg
SLIAV Trade 20.85 +0.10
SOLUQ Trade 0.23 0.00
Quotes delayed at least 15 minutes


Solutia Inc. (NYSE:SOA), a leading manufacturer and provider of high-performance specialty materials and chemicals, today announced that the common stock of reorganized Solutia that will be issued pursuant to the company's Plan of Reorganization has begun trading on the New York Stock Exchange. The ticker symbol for this stock is SOA. Currently the ticker symbol also includes the "wi" notation, which means the stock is being traded on a "when issued" basis. The "wi" notation will be removed when the stock begins "regular way" trading.

The current Solutia common stock continues to trade over-the-counter using the ticker symbol (OTCBB:SOLUQ) and, under the company's Plan of Reorganization, this stock will be cancelled upon the company's emergence from Chapter 11.

Forward-Looking Statements

This press release may contain forward-looking statements, which can be identified by the use of words such as "believes," "expects," "may," "will," "intends," "plans," "estimates" or "anticipates," or other comparable terminology, or by discussions of strategy, plans or intentions. These statements are based on management's current expectations and assumptions about the industries in which Solutia operates. Forward-looking statements are not guarantees of future performance and are subject to significant risks and uncertainties that may cause actual results or achievements to be materially different from the future results or achievements expressed or implied by the forward-looking statements. These risks and uncertainties include, but are not limited to, those described in Solutia's most recent Annual Report on Form 10-K, under "Cautionary Statement About Forward Looking Statements," Solutia's quarterly reports on Form 10-Q, and in filings with the U.S. Bankruptcy Court in connection with the Chapter 11 case of Solutia Inc. and 14 of its U.S. subsidiaries. These reports can be accessed through the "Investors" section of Solutia's website at www.solutia.com. The bankruptcy court filings can be accessed by visiting www.trumbullgroup.com. Solutia disclaims any intent or obligation to update or revise any forward-looking statements in response to new information, unforeseen events, changed circumstances or any other occurrence.

Corporate Profile

Solutia (http://www.Solutia.com) uses world-class skills in applied chemistry to create value-added solutions for customers, whose products improve the lives of consumers every day. Solutia is a world leader in performance films for laminated safety glass and after-market applications; chemicals for the rubber industry; specialties such as heat transfer fluids and aviation hydraulic fluid; and an integrated family of nylon products including high-performance polymers and fibers.

The Solutia Inc. logo is available at http://www.primenewswire.com/newsroom/prs/?pkgid=2620

Solutia ... Solutions for a Better Life.

This news release was distributed by PrimeNewswire, www.primenewswire.com

SOURCE: Solutia Inc.

Solutia Inc.
Media:
Dan Jenkins
[phone]
Investors:
Susannah Livingston
[phone]

[pkripper]

NEWS!! Solutia Selected as One of the Top 50 Businesses in St. Louis

Dec 17, 2007 11:24:49 (ET)


ST. LOUIS, Dec 17, 2007 (PrimeNewswire via COMTEX) -- Solutia Inc. (SOLUQ, Trade ) is proud to be named a Top 50 company shaping the future of St. Louis by the St. Louis Regional Chamber and Growth Association (RCGA). The Top 50 award will be presented at a ceremony this evening at the Hyatt Regency Union Station in downtown St. Louis.

"Solutia is honored to be named a Top 50 company in St. Louis," said Jeffry N. Quinn, chairman, president and CEO of Solutia. "We are proud to offer a challenging and rewarding place to work, and look forward to continued growth as part of the St. Louis community."

This exclusive Top 50 Award represents "the best of the best in St. Louis for a company's overall business success and their ability to positively affect the future of the business community," according to the RCGA. Criteria for selecting winners included growth in number of employees, enhancement of the community, revenue growth, acquisitions, and expansion/development of facilities.

Corporate Profile

Solutia ( http://www.Solutia.com ) uses world-class skills in applied chemistry to create value-added solutions for customers, whose products improve the lives of consumers every day. Solutia is a world leader in performance films for laminated safety glass and after-market applications; chemicals for the rubber industry; specialties such as heat transfer fluids and aviation hydraulic fluid; and an integrated family of nylon products including high-performance polymers and fibers. Solutia... Solutions for a Better Life.

The Solutia Inc. logo is available at http://www.primenewswire.com/newsroom/prs/?pkgid=2620

This news release was distributed by PrimeNewswire, www.primenewswire.com

SOURCE: Solutia Inc.


Solutia Inc.
Media:
Dan Jenkins
314-674-8552

[pkripper]

NEWS buy a $20 stock ipo for $17.23 is how I read it.

Solutia Rights Offerings Fully Subscribed

Dec 13, 2007 16:45:53 (ET)

ST. LOUIS, Dec 13, 2007 (PrimeNewswire via COMTEX) -- Solutia Inc. (SOLUQ, Trade ) today announced that both its creditor rights offering and its equity rights offering have been fully subscribed, based on non-binding indications of interest. These rights offerings provide certain creditors and equity holders with rights to purchase shares of Solutia's new common stock that will be issued upon the company's emergence from Chapter 11. Both rights offerings were provided for under Solutia's plan of reorganization that was confirmed on November 29, 2007.

Creditor Rights Offering -- Under the terms of the creditor rights offering, eligible creditors have been given the opportunity to purchase a pro rata share of up to an aggregate of approximately 31% of the new common stock for $13.33 per share. Eligible creditors submitted total indications of interest, including over-subscription requests, of approximately $563 million of rights, exceeding the $250 million of rights offered. The $250 million of proceeds from the rights offering will be used as follows: $175 million will be set aside in a Voluntary Employees' Beneficiary Association (VEBA) Retiree Trust to fund the retiree welfare benefits for those pre-spin retirees who receive these benefits from Solutia; and $75 million will be used by Solutia to pay for other legacy liabilities being retained by the company.

Equity Rights Offering -- Under the terms of the equity rights offering, eligible equity holders have been given the opportunity to purchase a pro rata share of up to an aggregate of 17% of the new common stock for $17.23 per share. Eligible equity holders submitted total indications of interest, including over-subscription requests, of approximately $223.5 million of rights, exceeding the $175 million of rights offered. The proceeds from the sale of this equity will fund a cash payment to Monsanto of up to $175 million. Assuming the full $175 million is raised through the equity rights offering, Monsanto will not hold an equity stake in Solutia as a result of Solutia's plan of reorganization.

Dates Related to the Rights Offerings and Additional Offering Procedures -- Solutia expects to send invoices to participants in the rights offerings on or about Friday, December 28, 2007. Payment in full will be due at a date approximately ten days in advance of the expected date of emergence. In addition, the company has decided that because the factor used in the equity rights offering to determine the shares available for purchase per eligible stockholder should have been carried out additional decimal places (from 0.09 to 0.0972), affected holders in the equity rights offering will be given an opportunity to subscribe for additional shares of new common stock. Those affected holders will be receiving a notice regarding this matter from Financial Balloting Group within the next few days.

Participants in the rights offerings are under no obligation to purchase the shares of new common stock for which they have subscribed and there is no assurance that they will do so.

Important Legal Information

A registration statement (including a prospectus) relating to these securities has been filed with the Securities and Exchange Commission. Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the Securities and Exchange Commission for more complete information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the Securities and Exchange Commission website at www.sec.gov . Additionally, for more information regarding the rights offerings, including a prospectus, you may visit http://www.fbgdocuments.com/soi or contact Financial Balloting Group, LLC at 757 Third Avenue, 3rd Floor, New York, NY 10017 or by calling 1-800-809-3247.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

The Solutia Inc. logo is available at http://www.primenewswire.com/newsroom/prs/?pkgid=2620

Forward-Looking Statements

This press release may contain forward-looking statements, which can be identified by the use of words such as "believes," "expects," "may," "will," "intends," "plans," "estimates" or "anticipates," or other comparable terminology, or by discussions of strategy, plans or intentions. These statements are based on management's current expectations and assumptions about the industries in which Solutia operates. Forward-looking statements are not guarantees of future performance and are subject to significant risks and uncertainties that may cause actual results or achievements to be materially different from the future results or achievements expressed or implied by the forward-looking statements. These risks and uncertainties include, but are not limited to, those described in Solutia's most recent Annual Report on Form 10-K, under "Cautionary Statement About Forward Looking Statements," Solutia's quarterly reports on Form 10-Q, and other filings with the Securities and Exchange Commission. Solutia disclaims any intent or obligation to update or revise any forward-looking statements in response to new information, unforeseen events, changed circumstances or any other occurrence.

This news release was distributed by PrimeNewswire, www.primenewswire.com

SOURCE: Solutia Inc.

Solutia Inc.
Media:
Dan Jenkins
[phone]
Investors:
Susannah Livingston
[phone]

[pkripper]

i'm thinking someone wanted some cheap ones yesterday, maybe to cover. The bounce was nice lets hold it or up!! Maybe news is coming?

[pkripper]

this is what we are upgrading from.

RATING ACTION: Moody's assigns Ba1 to Solutia's new asset backed bank facility; a B1 CFR; outlook stable
CREDIT: Solutia Inc.29 NOV 2007

Moody's assigns Ba1 to Solutia's new asset backed bank facility; a B1 CFR; outlook stable Assignments: Issuer: Solutia Inc. Corporate Family Rating, Assigned B1 Probability of Default Rating, Assigned B1 Speculative Grade Liquidity Rating, Assigned SGL-3 Senior Secured Bank Credit Facility, Assigned Ba1 (LGD2, 16%) Senior Secured Bank Term Loan, Assigned B1 (LGD4, 54%) Senior Unsecured Note, Assigned B2 (LGD4, 69%) The B1 corporate family rating reflects the company's initially high leverage and weak credit metrics along with the material uncertainty surrounding its environmental remediation activities upon exiting bankruptcy. VP - Senior Credit Officer Moody's Investors Service Moody's Investors Service


CREDIT OPINION: Solutia Inc.
CREDIT: Solutia Inc.

Solutia Inc. Liquidity Moody's Investors Service assigned a speculative grade liquidity rating of SGL-3 to Solutia. Moody's expects the company to generate positive free cash flow in 2008 approaching 5% of debt. The key rating factors currently influencing Solutia's rating and outlook are Management Strategy and Financial Strength. The third metric, Contingencies, maps to the "Caa" category and is overweighted in determining Solutia's ratings.Rating Factor - Business Profile: Moody's views Solutia as having an investment grade business profile with speculative grade leverage and capital structure. 30 NOV 2007


http://www.moodys.com/moodys/cust/qckSearch/qckSearch_search_result.asp?n_id=600036998&fr_ref=C&PB2_nam=Solutia+Inc%2E&searchQuery=soluq&search=4&searchIdent=qcksearch&searchresult=named&portid=&frameOfReference=corporate

[pkripper]

2nd and it looks like upgrade

Moody's Places Monsanto's Baa1 Rtgs And P-2 Commercial Paper Rtgs Under Review For Upgrade>MON

Dec 12, 2007 10:06:09 (ET)


(MORE TO FOLLOW) Dow Jones Newswires

December 12, 2007 10:06 ET (15:06 GMT)

[pkripper]

two news items on etrade.

CFA: Applications Given Early Antitrust Clearance By FTC

Dec 12, 2007 09:34:36 (ET)


The Hart-Scott-Rodino Act requires under certain circumstances that prospective acquirers of voting securities or assets apply for clearance from regulators. Requests for early termination or clearance are granted when the Federal Trade Commission and the antitrust division of the Department of Justice have determined that they won't take action during the waiting period.

The following is a list of companies or people to which the FTC has granted early clearance of antitrust concerns under the HSR Act:


(END) Dow Jones Newswires

December 12, 2007 09:34 ET (14:34 GMT)

[pkripper]

on pinksheets today from smallcapstockanalyst

Solutia, Inc (OTCBB: SOLUQ) Current Price (0.25) www.SmallCapStockAnalyst.com ST. LOUIS, Dec. 10, 2007 -- Effective December 15, 2007, Solutia Inc. (OTC BB:SOLUQ.OB - News) will increase the price of its Vydyne(r) polyamide 66 resin and Ascend(r) polymer in North America by 10 cents per pound. This increase applies to all orders shipped on or after December 15 with the exception of existing contracts with a validity date beyond December 15. Sustained increases in both energy and raw materials costs, along with strong global demand, have made this price increase imperative. Solutia, Inc., together with its subsidiaries, engages in the manufacture and sale of chemical-based materials, which are used in consumer and industrial applications worldwide. It operates in two segments, Performance Products and Services, and Integrated Nylon. The Performance Products and Services segment provides plastic interlayer for use in laminated safety glass, primarily in automotive original equipment manufacturing and architectural applications; window films for aftermarket automotive and architectural applications; plastic products, including entrance matting and automotive spray suppression flaps; water treatment phosphonates; heat transfer fluids; and aviation hydraulic fluids and aviation solvents. This segment also provides pharmaceutical companies with pharmaceutical development services, including process research and manufacturing services. The Integrated Nylon segment produces chemical intermediates, which are used as feedstock for fiber and resins production, and are sold in the merchant market; nylon polymers that are sold to the thermoplastic, apparel, textile, and industrial markets; and fibers for use in residential and commercial carpet, and industrial markets. The company sells its products through its own sales force and distributors. Solutia was founded in 1901 and is headquartered in St. Louis, Missouri. The company and its 14 U.S. subsidiaries filed voluntary petitions for reorganization under Chapter 11 of the U.S. Bankruptcy Code in December 2003. Solutia operates its business as debtor-in-possession.

[pkripper]

that 5 day is about to cross the 10, that's nice. I know the 20 day is .27 (some support). Volume and whoowee. I see nothing but good pr's coming.

[alien42]

add some volume to this chart and...

[pkripper]

LiquidStockReport.com: Hot Stock Alert! . (PinkSheets: QEDC) , (OTC BB:DTMG.OB) , (OTCBB: SOLUQ), (OTC BB:ATNOD) , (OTC BB:PFTI)

No problem, maybe we'll get a little more volume tomorrow.(good volume)

[alien42]

thanks for those highlights pk

[pkripper]

BoonMarket.com Announces Coverage of Solutia Inc.

SANTA BARBARA, CA, Dec 11, 2007 (M2 PRESSWIRE via COMTEX) -- BoonMarket.com announced today their renewed interest in Solutia Inc. (OTCBB: SOLUQ). SOLUQ has been mentioned by BoonMarket.com in the past and recent developments within the company have compelled BoonMarket.com to closely follow SOLUQ once again.

Don't be crazy enough to ignore the riveting insight we provide. In-depth analysis of this and other companies can be viewed through BoonMarket.com's special email alerts. You can sign up for these alerts for free (limited time only) by simply submitting your email address at the following link: http://boonmarket.com/signup.html

----------------------------------------------------

SOLUQ news from 12/10/07:

Solutia Announces Vydyne and Ascend Price Increases in North America

Effective December 15, 2007, Solutia Inc. will increase the price of its Vydyne(r) polyamide 66 resin and Ascend(r) polymer in North America by 10 cents per pound. This increase applies to all orders shipped on or after December 15 with the exception of existing contracts with a validity date beyond December 15. Sustained increases in both energy and raw materials costs, along with strong global demand, have made this price increase imperative.

A world leader in nylon plastics, Solutia is committed to providing the highest-quality products, superior customer service and world-class technical support to our customers. Solutia's Vydyne 66 resins add strength, durability and functionality to products in numerous industries such as automotive components, electronics and consumer goods. For more information, please visit http://www.vydyne.com.

----------------------------------------------------

About BoonMarket.com

BoonMarket.com has become the premier stop for those investors who wish to experience huge profits via up-and-coming publicly traded companies. For more information, please see our contact information below.

----------------------------------------------------

About Solutia Inc.

Solutia http://www.Solutia.com uses world-class skills in applied chemistry to create value-added solutions for customers, whose products improve the lives of consumers every day. Solutia is a world leader in performance films for laminated safety glass and after-market applications; chemicals for the rubber industry; specialties such as heat transfer fluids and aviation hydraulic fluid; and an integrated family of nylon products including high-performance polymers and fibers.

----------------------------------------------------

Disclaimer: Never invest in any stock featured on the BoonMarket.com website or email alerts unless you can afford to lose your entire investment. All opinions expressed by BoonMarket.com are in no way a recommendation, solicitation, or offer to buy, sell, or hold securities or that any particular security, portfolio of securities, transaction, or investment strategy is suitable for any specific person. BoonMarket.com employees are not registered as investment advisors, financial analysts, or brokers-dealers in any jurisdiction whatsoever. Please read our full disclaimer at: http://www.boonmarket.com/legaldisclaimer.html. Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: Certain statements set forth in this press release constitute ''forward-looking statements.'' Forward-looking statements include, without limitation, any statement that may predict, forecast, indicate, or imply future results, performance or achievements, and may contain the word expressions of similar meaning. Such statements are not guarantees of future performance and are subject to risks and uncertainties that could cause the company's actual results and financial position to differ materially from those included within the forward-looking statements. Forward-looking statements involve risks and uncertainties, including those relating to the Company's ability to grow its business. Actual results may differ materially from the results predicted and reported results should not be considered as an indication of future performance.

CONTACT: BoonMarket.com e-mail: [e-mail]

M2 Communications Ltd disclaims all liability for information provided within M2 PressWIRE. Data supplied by named party/parties. Further information on M2 PressWIRE can be obtained at http://www.presswire.net on the world wide web. Inquiries to [e-mail].

(C)1994-2007 M2 COMMUNICATIONS LTD

-0-

[pkripper]

looks like we are still eligible and the effective date to be early 2008. see bottom

4. Conditions Precedent to the Effectiveness of the Plan
The Effective Date shall not occur and the Plan shall not be consummated unless and until each of the following conditions have been satisfied or duly waived pursuant to the Plan:
(i) The Confirmation Order must (a) be in form and substance reasonably acceptable to the Stakeholders, (b) be consistent with the conditions to the Confirmation Order, and (c) have been entered by the Bankruptcy Court.

(ii) All actions, documents, instruments, and agreements necessary to implement and effectuate the Plan, including the new certificate of incorporation and new by-laws of the Reorganized Solutia and other Plan Documents, shall have been taken or executed and delivered (as applicable), and each agreement shall be reasonably acceptable to Monsanto and the Creditors’ Committee.

7



(iii) The Debtors shall have received all authorizations, consents, regulatory approvals, rulings or documents that are necessary to implement and effectuate the Plan.

(iv) The initial boards of directors of the Reorganized Debtors shall have been appointed.

(v) The Debtors shall have entered into the Exit Facility Financing reasonably acceptable to the Creditors’ Committee and Monsanto.

(vi) The Retiree Approval Order shall have become a Final Order.

(vii) If the issuance or distribution of any New Common Stock to Monsanto under the Plan is subject to notification requirements under the HSR Act, any waiting period relating to such notification shall have expired or otherwise been terminated.

(viii) The Disputed General Unsecured Claims Reserve shall have been established and all unliquidated General Unsecured Claims shall have been estimated for Distribution purposes pursuant to section 502(c) of the Bankruptcy Code, disallowed or fixed by an agreement between the Debtors and any relevant Holders of General Unsecured Claims, which agreement shall have been approved by the Bankruptcy Court.

(ix) The Confirmation Order shall have become a Final Order.

(x) The Chocolate Bayou Settlement shall have been executed and shall have received all necessary approvals.

(xi) The Monsanto Settlement Agreement shall have received all necessary approvals.

(xii) The Creditor Rights Offering shall have been fully funded, and from the proceeds of the Creditor Rights Offering, $175 million shall have been used to fund the Retiree Trust (as defined in the Retiree Settlement Agreement) and $75 million shall have been used to fund Funding Co.

(xiii) The order of the Bankruptcy Court, which may be included in the Confirmation Order, approving the Global Settlement shall have become a Final Order.

(xiv) The Equity Committee Adversary Proceeding, including any appeals related thereto, shall have been dismissed or withdrawn with prejudice.

(xv) The Prepetition Indenture Trustee Adversary Proceeding, including any appeals related thereto, shall have been dismissed or withdrawn with prejudice.
Each of the Debtors, Monsanto, Pharmacia (solely with respect to provisions directly affecting Pharmacia), the Prepetition Indenture Trustee (solely with respect to provisions directly affecting the Prepetition Indenture Trustee, the 2027 Notes or the 2037 Notes), the Creditors’ Committee, and the Retirees’ Committee (solely with respect to Section IX.B.12 of the Plan), may waive, with the consent of each of such other parties, one or more of the conditions described above. Solutia currently expects the Effective Date to occur in early 2008.

http://pinksheets.com/edgar/GetFilingHtml?FilingID=5582773

[pkripper]

see here.

Through the Creditor Rights Offering, Solutia intends to raise $250 million in new equity capital through (1) the proposed sale of 15,936,703 shares of New Common Stock to participating eligible general unsecured creditors and noteholders, on a pro rata basis, at an exercise price of $13.33, which represents a 33.33% discount to the implied$20.00 per share value of New Common Stock

further down

Through the Equity Rights Offering, holders of at least 11 shares of the Old Common Stock will be entitled to purchase, on a pro rata basis, 10,157,500 shares of New Common Stock for an exercise price of $17.23 per share. If any of the eligible stockholders do not subscribe for all of their pro rata allocation of the shares of New Common Stock for which they are entitled to subscribe, other eligible stockholders may elect to subscribe for the unsubscribed for shares.

[Eagle1]

Thanks for the Nice DD PK!

Eagle1

[pkripper]

I think i'm right

; (6) 10,157,500 shares of New Common Stock, or 17% of the total New Common Stock, will be sold pursuant to a separate rights offering to holders of at least 11 shares of Old Common Stock (the “Equity Rights Offering”);

http://pinksheets.com/edgar/GetFilingHtml?FilingID=5582773

[pkripper]

looky here.

(4) 597,500 shares of New Common Stock, representing 1% of the total New Common Stock, will be issued to holders of at least 175 shares of Solutia’s common stock that are currently outstanding (the “Old Common Stock”);

http://pinksheets.com/edgar/GetFilingHtml?FilingID=5582773

[pkripper]

I believe you may be buying the right to get in on the new offering (IPO) before the rest. If thats the case maybe some bigger buyers jumping in.
http://pinksheets.com/edgar/GetFilingHtml?FilingID=5582773


The Plan further provides that each holder of at least 24 shares of Old Common Stock will be entitled to receive its pro rata share of five-year warrants (the “Warrants”) to purchase up to 7.5% of the New Common Stock at an exercise price of $29.70 per share, pursuant to the terms of a warrant agreement.
In addition, the Plan provides that each holder of at least 107 shares of Old Common Stock will be entitled to purchase allowed general unsecured claims of less than $100,000 (subject to holders of such claims electing to sell their claims) for cash in an amount equal to 52.35% of the allowed amount of such claims, including the attendant right to participate in the rights offering available to holders of these claims.
Only stockholders holding the requisite number of shares of the Old Common Stock enumerated above will be entitled to receive any distributions under the Plan or to participate in the relevant offering. Solutia is not required to make distributions of fractional shares of New Common Stock, rights under the rights offerings or Warrants.

http://pinksheets.com/edgar/GetFilingHtml?FilingID=5582773

[pkripper]

end of day push?

[pkripper]

yes me too! If they let this pass .27 it may run abit.imo

[alien42]

todays MM movement is just as solid as yesterday and i have a feeling this is just getting started.

glad i picked up a starter position yesterday morning.

[pkripper]

up 25% oohrah!! looking for more!!e/m

[pkripper]

8k dec.05 2007. alot of info. follow link on bottom

Under the Plan, Solutia will emerge from bankruptcy as an independent publicly-held company (the “Reorganized Solutia”) on the effective date of the Plan (the “Effective Date”). The Plan is based on a comprehensive settlement (the “Global Settlement”) reached with all of the major constituents in Solutia’s bankruptcy case, including the following parties (collectively, the “Stakeholders”): (i) Monsanto Company, a Delaware corporation (“Monsanto”), (ii) Pharmacia Corporation, formerly known as Monsanto Company (“Pharmacia”), (iii) the official committee of general unsecured creditors (the “Creditors’ Committee”), (iv) the official committee of equity security holders (the “Equity Committee”), (v) the official committee of retirees of the Debtors (the “Retirees’ Committee”), (vi) the ad hoc committee of holders of two series of unsecured public notes, the 2027 Notes and the 2037 Notes, issued prior to the commencement of the Chapter 11 Cases (the “Ad Hoc Notes Committee”), and (vii) the ad hoc committee of holders of trade claims in the Debtors (the “Ad Hoc Trade Committee”).
In addition to distributions to be received by certain classes of creditors and common stockholders of Solutia, the Plan provides for a re-allocation of legacy liabilities between Monsanto and Solutia, and an underlying settlement with the Retirees’ Committee, the terms of which are set forth in the Monsanto Settlement Agreement and the Retiree Settlement Agreement, respectively, and incorporated into the Global Settlement. As part of the Global Settlement, Solutia, Monsanto, Noteholders controlling more than $300.1 million (at least 66.6%) in principal amount of the 2027 Notes and the 2037 Notes, the Creditors’ Committee, the Equity Committee and the Ad Hoc Trade Committee have executed an agreement in support of the Global Settlement and the Plan. The Global Settlement was approved by the Bankruptcy Court pursuant to the Confirmation Order.


http://pinksheets.com/edgar/GetFilingHtml?FilingID=5582773

[pkripper]

ST. LOUIS, November 29, 2007 — Solutia Inc. (OTCBB:SOLUQ), a leading manufacturer and provider of high-performance specialty materials and chemicals, today announced that the U.S. Bankruptcy Court for the Southern District of New York has confirmed its plan of reorganization.
“While this has been a long process, we have used our time in Chapter 11 to truly transform and revitalize Solutia — shaping a strong portfolio of businesses, shedding $1.3 billion in liabilities, and growing the company by $1 billion in sales while more than doubling our earnings. We will emerge from Chapter 11 as a growing, vibrant company that is positioned for success,” said Jeffry N. Quinn, chairman, president and CEO, Solutia Inc.
Quinn added, “We are pleased to have gained confirmation of a plan of reorganization that was supported by all of the major constituents in our case and that provides for significant creditor recoveries.”
The company anticipates that the plan of reorganization will become effective in the late December or January timeframe.

[alien42]

here i am sitting at my desk next to an old and cold single pane window that losing heat and costing me money. a few days ago i was thinking there should be affordable films to solve the problem. after a little research i find 'low-e films' already exist and GILA brand can be purchased at Home Depot. GILA is a division of CPFilms Inc, which is a subsidiary of Solutia Inc.

quick look at PRs and we have a multi billion $ rev company coming out of bankruptcy, trading on the OTC and recently buying Acquired Technology, Inc. for $7 million.

this board is dead but i see a few familiar faces were here.


more research in SOLUQ is required.

[willlbone]

Dropped like a rock today. Down over 50%. Number one on the loser board. Might be worth buying for a bounce.

[J-RO]

SOLUQ been very perky the past few days, weeks....

[trebor1859]

Looks like we are heading back over .30

[trebor1859]

I agree. I do expect to see it go back up this week recovering from the the recent downturn. I still believe there is going to be some good play left before they come out of bankruptcy.

[Eagle1]

Excellent Post JoChef!

IMO, your spot on friend!

Eagle1,


Posted by: JoChef
In reply to: Eagle1 who wrote msg# 16 Date:6/14/2007 10:13:07 PM
Post #of 18

SOLUQ looks to descend a bit further, but watch out, she may be a bounce play.

Bankruptcy re-org play.

Common equity will be cancelled with the new issue, I wouldn't hold this one overnight. The new issue will be a classic IPO play.

Years ago, Monsato rounded up all the bleeding divisions of its' company and rolled them into "Solutia", being the "Solution" for averting bankruptcy. Afterall, ships don't sink in pieces, so Monsato opted to divest the losing businesses as Solutia.

Following, are some of the high level points that were takeways from reading the re-org plan => Enterprise value looks to be better than initially projected. Management has struck accords with Monsato regarding legacy liabilities, environmental remediation. Also, the pension plan will be funded with the new issue, and creditor recovery was fairly modest, considering the massive restructuring.

Solutia has a division not to far from my humble abode, so I've been following this firm for a while.
----------------------------------------------------------------
Re-Org link from Solutia's URL =>
http://www.solutia.com/reorganization/

[J-RO]

SOLUQ looks to descend a bit further, but watch out, she may be a bounce play.

Bankruptcy re-org play.

Common equity will be cancelled with the new issue, I wouldn't hold this one overnight. The new issue will be a classic IPO play.

Years ago, Monsato rounded up all the bleeding divisions of its' company and rolled them into "Solutia", being the "Solution" for averting bankruptcy. Afterall, ships don't sink in pieces, so Monsato opted to divest the losing businesses as Solutia.

Following, are some of the high level points that were takeways from reading the re-org plan => Enterprise value looks to be better than initially projected. Management has struck accords with Monsato regarding legacy liabilities, environmental remediation. Also, the pension plan will be funded with the new issue, and creditor recovery was fairly modest, considering the massive restructuring.

Solutia has a division not to far from my humble abode, so I've been following this firm for a while.
----------------------------------------------------------------
Re-Org link from Solutia's URL =>
http://www.solutia.com/reorganization/

[J-RO]

You're welcome. We need to follow this company more closely as the bankruptcy hearings play out.

Enjoy the rest of your weekend!

[Eagle1]

Yes JoChef! The current Management seems to be at the top of their game...IMO.

Thanks for the Posts!

Eagle1,

[J-RO]

Looks like bankruptcy hearings coming up.....management has been executing their re-org plan. Looks like the enterprise value will be higher than most anticipated.

Like we've discussed before, the new issuance will be the one to play.

[J-RO]

Yes Sir, totally agree.

[Eagle1]

Also, I believe that this play will be like an IPO when it emerges...AIMO.



Eagle1,

[J-RO]

Eagle: Strongly agree.

The new issue will be the one to play.

[Eagle1]

To all: I hate to say it, but IMO, be careful with this stock. I do not want anyone to get hurt here with SOLUQ. It appears that the equity will be stripped from the common shares of SOLUQ and put into the new stock when they emerge from Bankruptcy sometimes by end of Sept 07...according to the filings.


When they emerge from BK it will be a new stock...IMO. That will be a stock to watch...but this one is very risky...FWIW.

Eagle1,

[trebor1859]

Looks like it has settled down. Hopefully any shorting will catch up here in the next few days

[J-RO]

There is a Solutia plant in Springfield, MA. My house is minutes from there.

I've been following this company for a while now.

Shares sure took a chitter today. Hope no one got pinched bad today.

[morcash]

I believe the shorting theory in response to the reorg. The volume was unreal, some of the trade sizes were 100,000 shares +. That's alot for money for retail traders and they likely paid much more for those shares so it's crazy to take type of a loss in a panic sell. Looked like a few volume surges in the afternoon trading as well. See what happens in the morning, hope the shorts will have to cover.

[trebor1859]

It appeared someone sold a large chunk at the open and it put the panic in motion. I do believe a large chunk was buying during the day as the stock did reach up to .28. It may also be some shorting going on as well.

[morcash]

Came into it for a bounce, I'm down a little as well FWIW. Not sure why it dropped so heavily at open, seemed solid in the .2 - .22 range through the afternoon. The opening should be interesting.

[trebor1859]

Good time to get in on a 50% drop today. There is still value here I believe

[mkinhaw]

Heads up filing today
looks like common will be cancelled
when emerging from bk 3rd qtr
MK