Replies to post #35826 on Chemtura Corp (fka CHMT)

[OHMYGOD]

Chensters,

Food for thought for those of us on this site on a holiday weekend.

From: Tompson Reuters

Chemtura Corporation, together with its consolidated subsidiaries, is a specialty chemical company. The Company is engaged in manufacture and sale of specialty chemicals. It operates in a range of end-use markets, including automotive, transportation, construction, packaging, agriculture, lubricants, plastics for durable and non-durable goods, electronics, and home pool and spa chemicals. The Company is a diversified producer of specialty chemicals and polymer products and is a supplier of home pool and spa chemicals in United States. On February 29, 2008, Chemtura completed the sale of the oleochemicals business. On January 31, 2008, Chemtura completed the sale of the fluorine chemical business. In March 2009, Chemtura Corporation announced that the Company and 26 of its United States affiliates have filed voluntary petitions for relief under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the Southern District of New York (the Court).


I find it interesting that they have divested two of their divisions prior to BK.

W

[wall_street61]

stoman,

read the law, beginning @ "(g)"

http://www.law.cornell.edu/uscode/html/uscode26/usc_sec_26_00000382----000-.html