Replies to post #35357 on Chemtura Corp (fka CHMT)

[oaps222]

It is my understanding that Chemtura put its polyvinyl chloride (PVC) additives business, with annual sales of $200-300M, on the selling block. And the books on that business went out for sale available to potential buyers.

We are waiting for who is going to offer by when with what price.

For more information about PVC:

http://www.icis.com/V2/chemicals/9074317/polyvinyl-chloride.html

[sullivot]

Especially this (regarding a specialty of the Baker firm, which Chemtura retained for counsel)...

(d) certain potential sales and purchases of assets of the Debtors,including drafting documents, effectuating due diligence,participating in negotiations and providing other services in support of possible transactions;

Considering their fees, which are listed on the doc, I would hope they are being retained for an asset sale. Per the doc, they have a decades long relationship with the company (from well before the current Chemtura incarnation).