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
To discuss issues facing the chemical industry go to ICIS connect


By: Ben DuBose
+1 713 525 2653



AddThis Social Bookmark Button

For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.

Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.

Printer Friendly