"Chemtura Corp., a bankrupt plastic- additives maker, won court approval of the rough terms of its plan to reorganize, as a judge said shareholders could raise objections again at a hearing to confirm the plan in September."
This fight has just started. The stock tanked today but the bonds did not respond by jumping back to 110-112 range they were trading in before the EC started talking about their POR.
2009 bond 104.25 +.05 2016 bond 108.75 +3.75 2026 bond 106.25 -0.25
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