Chemtura Corp (fka CHMT)

[chem8]

As I understand it, it's these two points of view opposing each other which prevent the filing of a POR which all parties agree on:

"The company’s POR is expected to call for the full equitization of Chemtura’s USD 1.15bn senior unsecured notes."

vs

"Skadden Arps attorney Jay Goffman, representing the equity committee, said his constituents are
ready to roll out an alternative plan based on USD
1.85bn of new financing that preserves equity and
makes creditors whole."

Obviously, we agree with and hope for the latter arrangement. Because "full equitization" of the debt doesn't leave room for existing shareholders, right?