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visionCOV

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visionCOV

Re: None

Thursday, 06/17/2010 9:30:40 PM

Thursday, June 17, 2010 9:30:40 PM

Post# of 67237
"The company’s POR is expected to call for the full
equitization of Chemtura’s USD 1.15bn senior
unsecured notes. However, share holders led by
Canyon Capital and Strategic Value Partners are
not on board."

Doesn't it mean, the company POR wants to replace all current common shares (investment)? where does it say, there will some equity for current shareholders? Just trying to understand the language. thanks
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