Equity Committee Wants To End Solutia's Exclusivity
On Wednesday, the committee asked the court to terminate Solutia’s exclusive period in order to protect shareholders from “being held hostage by a plan that…will inevitably undervalue [Solutia’s] enterprise in order for [Solutia’s] unsecured creditors to realize a windfall after emergence from Chapter 11.”
“Despite the fact that the debtors have enjoyed an exclusive period of almost four...
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