Solutia Chemical Co fka SOLUQ

[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.