Chemtura is staring at about $375 million of debt that is due in July, 2009 and the management is considering various options to address the issue suchas sale of certain businesses, negotiating an extension with bond holders, finding an infusion of money from an outside investor etc. The company has been working on their strategy and its execution for sometimes with hope of avoiding bankruptcy. Chemtura reported a net loss of $737 million, or $3.04 per share, for the fourth quarter of 2008 and a net loss on a managed basis of $35 million, or $0.14 per share for the quarter. The new CEO, Craig Rogerson has work cut out for him.
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