Chemtura Corp. is struggling to stay out of default and needs to raise cash by July 15 to make payment on US$370 mln in notes. In Chemtura's annual report released last week, auditors KPMG warned thatt Chemtura's operating losses, debt and limited liquidity "raise substantial doubt about the company's ability to continue as a going concern.
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Tuesday, March 17, 2009
Chemtura struggling to avoid default
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