Chemtura Corp (fka CHMT)

[sometimes_right]

does this enable delaying announcing an asset sale to allow the Debtors to negotiate other potential asset sales without providing valuation indication of previous sales to other bidders and thereby strengthening the company's negotiating position???

For example, by having filed under seal a theoretical sale of a certain business unit @ 1X book value... the company could possibly maintain a stronger chance of getting 1.5X or 2X book value for the theoretical sale of other business units being that bidders had no knowledge of previous asset sales being accepted at a lower book valuation ratio.

Also, does this order granted to file under seal circumnavigate the need for the company to publicly announce material changes in a timely manner... or does Chapter 11 provide such secrecy? If so, the company might wait several month before suddenly informing investors that it sold 3 business units... and thereby hypothetically giving us months of anticipating events that had already transacted positively for the company.