Chemtura Corp (fka CHMT)

[fisherman2009]

That makes perfect sense. Cancel the old shares, issue new shares and increase the # of o/s with a higher PPS and everyone is happy, bonds are paid with equity and the remainder of the shares are retained by shareholders including the 30,000,000 held by Trian and ICC. They currently have what 242,000,000 outstanding shares? The number of authorized shares is a least twice that. This would obviously cause dilution, but there would be enough left over for us, and I could live with that. I'd be happy with a 1 for 3 dilution where I lose 2/3 of my shares, but in exchange received shares worth at least $5.00 each if not more. Once Chemtura emerged from bankruptcy Peltz's share of equity immediately would start to appreciate. It wouldn't be long before he had his 100,000,000 back while maintaining a controlling interest in Chemtura. Many have mentioned this could be a likely scenario, I think it is highly probable given the bond activity since chapter 11. This could happen right, or is this an impossible scenario?