Replies to post #32451 on Chemtura Corp (fka CHMT)

[jaxstraw]

On page 41 date 6/19 they bill hours for ' conference call potential asset sale'.
There are also numerous bills for hours for 'Buyer calls' spread out through the doc.
All seemed to be centered around June 19.

This is going to be some research material for many here.

You'd have to surmise that it's actively in discussion and being pursued.

[local]

251 hours billed to merger and acquisition activity
So they are working hard to sell something.

Here are the clues I found. They have talked to Lubrizol about the petroleum additives business. The PVC business at Taft is also mentioned several times, and they had a meeting with Hallstar which may refer to hallstar chemical (could be looking to unload cleaning products).

On page 36
3/27/09 call with Lubrizol, re. Petroleum additives business
5/18/09 profiles of strategic buyers and PVC analysis
5/21/09 PVC additives side sell call

on page 59
6/25/09 meeting at Hallstar (hallstar chemical, chicago?)

[Madclown]

Nova, just wanted to acknowledge the work you've done here in just a short period of time. Thanks for your efforts.

[local]

They pulled the old document and filed a new one. I guess they were not happy that news on the asset sale got out.

http://www.kccllc.net/documents/0911233/0911233090820000000000007.pdf