Chemtura Corp (fka CHMT)

[Xenn]

Hf...the rallying point for the commons to remain intact will hinge around Chemtura's assets being greater than their libailties upon emergence from bk.

Foreign subs being outside of the specter of bankruptcy won't buttress the argument to keep the commons intact if Chemtura liabilities exceed their assets.

Back in June, the board discussed Spectrum, a company that also had subs outside of bk. However, due to their negative book value, the commons got canceled. See my post 24435 pertaining to that matter...too lazy to elaborate any further.

IMO, all things considered, the Grim Reaper of cancellation does not loom ominously in Chemtura's case.

GLTY