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Chemtura extends emergence from bankruptcy code

Chemtura has extended its expected emergence from the provisions of Chapter 11 of the US Bankruptcy Code by several months. The company expects to emerge from Chapter 11 in “the summer of 2010”, it says. Chemtura had expected to achieve that goal within a year of filing for bankruptcy protection in March 2009 ( Agrow No 581, p 4). Chemtura believes that the additional time alloted for dealing with the claims of creditors will lead to “a stronger company, better positioned to deliver superior service and financial results”.

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