Currently listed on the pink sheets, the company remains a large international entity, with significant prospects of recovery once the restructuring is dealt with. Upcoming changes in the share count and ownership structure will hurt the current holders, but leave the company with stronger base for future value growth.
Chemtura filed for Chapter 11 protection back in March 2009. Under the restructuring efforts, the company sold their PVC Additives business in May this year and together with subsidiaries filed a Joint Plan of Reorganization on June 17. The bankruptcy court has accepted the plan, under which Chemtura should emerge from Chapter 11 protection in the coming months.