Chemtura Corp (fka CHMT)

[TraderV]

Now that's a quick response time. Hopefully hear more about their alternative in the near future.

Are they going to have to request to rescind the motion to extend the exclusivity period before filing their own POR or can they just move forward with it either way?

If they can start putting together a good plan, which already seems to be in the works if not already far in the process, we should see some cooperation from debtors/creditors. It really does seem like they put a low value to start off value so it looks like they're being reasonable and giving ground when (if) they decide to cooperate with the EC.