Bankrupt US Chemtura to be de-listed from stock exchange

06 April 2009 23:31  [Source: ICIS news]

HOUSTON (ICIS news)--The New York Stock Exchange (NYSE) will de-list Chemtura, effective on 16 April, due to the recent bankruptcy filing by the company's US operations, the exchange said on Monday.

Chemtura had already come close to being de-listed earlier this year when it fell below the NYSE’s continued listing standard for average closing price of less than $1/share over a consecutive 30-day trading period. But a 26 February decision by the NYSE to temporarily suspend that requirement kept the company on the exchange.

Chemtura’s foreign subsidiaries were not included in its bankruptcy filing.

For more on Chemtura visit ICIS company intelligence
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By: Ben DuBose
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