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Re: phrantic post# 39994

Saturday, 09/26/2009 12:25:46 PM

Saturday, September 26, 2009 12:25:46 PM

Post# of 67237
There will be an infusion of money coming from somewhere soon I believe, and I believe it will come from a private equity source, however I don't believe Rogerson will sell the whole company, but then again the Chinese have deep pockets these days. Someone or some group is going to end up controlling some part of Chemtura in the future. Chemtura wants that $400 million debt gone, whether it comes off the books via debt for equity or an asset sale only time will tell. Extending the life of this debt makes no financial sense in this environment. The POR in November "will" include mention as what means they intend to use to get out of debt, once they exit the BK process, however I think something will get leaked before then and that it will reveal the presence of private equity $$$$$$$$.
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