Chemtura Corp (fka CHMT)

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Just in case, it was not shared with you:

http://www.chemweek.com/newsletters/cbd/21010.html

1:55 PM EDT | August 24, 2009

A rundown of the industry’s key events from CW Business Daily:
Chemtura Explores Asset Sales • DuPont Invests $120 Million in Photovoltaic Materials Capacity • Equistar to Add Feedstock Flexibility at TX Olefins Plant • Monsanto Accuses DuPont of Spreading Misinformation • Lonza Offers to Acquire Patheon • Cargill’s Earnings Tumble Japan's DIC Records Big Fall in First-Quarter Profits

Chemtura, which filed for bankruptcy in March, is exploring the sale of several assets, including its polyvinyl chloride (PVC) additives business and polyurethane dispersions business. Lazard, which has been retained by Chemtura as investment banker to advise on restructuring and M&A, has worked with the company to identify potential acquirers for certain non-core assets and “sale processes are ongoing,” according to court filings. Chemtura was in discussions with bidders for its agricultural chemical and fuel additives prior to its bankruptcy filing but it is not clear whether those assets are still being considered for sale. Chemtura recorded a pre-tax impairment charge of $60 million to write-down the value of property, plant and equipment in its PVC additives business during the second quarter.

DuPont says it will invest $120 million to increase ...