Solutia Offers Solution

1 decade 2 years 11 months ago Thursday, December 28 2006 Dec 28, 2006 Thursday, December 28, 2006 7:11:08 PM CST December 28, 2006 in News
Source: (Copyright 2007 The Associated Press All Rights Reserved.)
NEW YORK - St. Louis-based Solutia outlined a new Chapter 11 plan Thursday that would let bondholders trade their debt for a 48.7 percent stake in the reorganized chemical company. The plan would also allow Solutia to exit bankruptcy by next March 31. Bondholders who are owed about $455 million would trade their debt for 36.52 million shares in the reorganized Solutia and be able to buy about 16 million more shares. Solutia spun off from parent company Monsanto in 1997. Monsanto then merged into Pharmacia Corp. in 2000, which spun off its agriculture business as Monsanto in 2002. Pfizer acquired the pharmacy portion of the company. Solutia filed for Chapter 11 protection in 2003.

More News

Grid
List
COLUMBIA - Starting Monday, the City of Columbia Municipal Court will offer a period of warrant amnesty. There will... More >>
5 hours ago Monday, December 09 2019 Dec 9, 2019 Monday, December 09, 2019 3:30:00 AM CST December 09, 2019 in News
COLUMBIA — The Moberly Police Department is asking for help identifying a man who robbed a gas station at gun-point... More >>
11 hours ago Sunday, December 08 2019 Dec 8, 2019 Sunday, December 08, 2019 9:50:00 PM CST December 08, 2019 in News
COLUMBIA - The Missouri Tigers have found their new head football coach. Eli Drinkwitz from Appalachian State will lead... More >>
14 hours ago Sunday, December 08 2019 Dec 8, 2019 Sunday, December 08, 2019 6:47:00 PM CST December 08, 2019 in News
TIPTON - Neighbors are reacting after authorities said Bobby Joe Moore, 43, of Sedalia, shot his ex-girlfriends' mother and hit... More >>
15 hours ago Sunday, December 08 2019 Dec 8, 2019 Sunday, December 08, 2019 6:01:00 PM CST December 08, 2019 in News
LAKE OF THE OZARKS - Restaurant owners are heading into the holiday season ready to handle the winter customers and... More >>
17 hours ago Sunday, December 08 2019 Dec 8, 2019 Sunday, December 08, 2019 3:43:00 PM CST December 08, 2019 in Continuous News
FULTON — Community members can gather at the Field of Joy in Fulton’s Veteran's Park to remember departed loved ones... More >>
18 hours ago Sunday, December 08 2019 Dec 8, 2019 Sunday, December 08, 2019 2:13:00 PM CST December 08, 2019 in News
JEFFERSON CITY - Singing pine trees and dancing blue penguins are now lighting up the night throughout Binder Park in... More >>
1 day ago Sunday, December 08 2019 Dec 8, 2019 Sunday, December 08, 2019 8:00:00 AM CST December 08, 2019 in News
AUXVASSE - A suspect has been taken into custody in Auxvasse on Saturday in relation to a shots fired incident... More >>
1 day ago Saturday, December 07 2019 Dec 7, 2019 Saturday, December 07, 2019 9:19:00 PM CST December 07, 2019 in News
FULTON - The 71st annual Christmas parade took over the streets of Fulton on Saturday afternoon. This year's theme... More >>
1 day ago Saturday, December 07 2019 Dec 7, 2019 Saturday, December 07, 2019 3:40:00 PM CST December 07, 2019 in News
COLUMBIA - Road signs honoring five Boone County veterans killed in combat in Iraq or Afghanistan were revealed Saturday. ... More >>
1 day ago Saturday, December 07 2019 Dec 7, 2019 Saturday, December 07, 2019 3:36:00 PM CST December 07, 2019 in News
CAMDEN COUNTY — One person was transported to the hospital Friday night after being ejected from their vehicle. The... More >>
1 day ago Saturday, December 07 2019 Dec 7, 2019 Saturday, December 07, 2019 3:17:00 PM CST December 07, 2019 in News
TIPTON — A shooting suspect is in the hospital after authorities shot him five times, according to a news release... More >>
2 days ago Saturday, December 07 2019 Dec 7, 2019 Saturday, December 07, 2019 8:50:00 AM CST December 07, 2019 in News
FULTON - Police are investigating after shots were fired at a Break Time in Fulton Friday night. According to... More >>
2 days ago Saturday, December 07 2019 Dec 7, 2019 Saturday, December 07, 2019 1:25:00 AM CST December 07, 2019 in News
COLUMBIA - MU spokesman Christian Basi, confirmed the man who died after being hit by a car on College Ave... More >>
2 days ago Friday, December 06 2019 Dec 6, 2019 Friday, December 06, 2019 9:34:00 PM CST December 06, 2019 in News
COLUMBIA - The Central Missouri Humane Society is waiving adoption fees this weekend, just in time for the holiday season.... More >>
2 days ago Friday, December 06 2019 Dec 6, 2019 Friday, December 06, 2019 6:36:00 PM CST December 06, 2019 in News
MISSOURI - Missouri’s minimum wage rate is set to go up again soon. The state minimum wage will increase... More >>
2 days ago Friday, December 06 2019 Dec 6, 2019 Friday, December 06, 2019 5:21:41 PM CST December 06, 2019 in News
JEFFERSON CITY - Governor Mike Parson and First Lady Teresa Parson are inviting families to join them at the Governor's... More >>
2 days ago Friday, December 06 2019 Dec 6, 2019 Friday, December 06, 2019 3:50:00 PM CST December 06, 2019 in News
BOONEVILLE - The Cooper County Sheriff's Office is asking travelers to find an alternate route on Highway 41 going to... More >>
2 days ago Friday, December 06 2019 Dec 6, 2019 Friday, December 06, 2019 3:02:00 PM CST December 06, 2019 in News
Columbia, MO
Broken Clouds 50°
9am 48°
10am 48°
11am 50°
12pm 50°