Baird Cuts Price Target on Chemtura (CHMT) to $33 Following a Weak 4Q

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Go back to Baird Cuts Price Target on Chemtura (CHMT) to $33 Following a Weak 4Q

Chemtura Corporation Signs Agreement to Purchase Pension Group Annuity Contract

February 22, 2016 5:30 PM EST

PHILADELPHIA, Feb. 22, 2016 (GLOBE NEWSWIRE) -- Chemtura Corporation (NYSE: CHMT) (EURONEXT: CHMT) announced that, in accordance with the selection made by Evercore Trust Company, N.A. (Evercore Trust), the independent fiduciary for the Chemtura Corporation Retirement Plan (the Plan), it has entered into a purchase agreement with Voya Retirement Insurance and Annuity Company (Voya), a member of the Voya Financial, Inc. (NYSE: VOYA) family of companies, for a group annuity contract that will transfer payment responsibility to Voya for retirement pension... More

Chemtura Reports Fourth Quarter and Year-End 2015 Financial Results

February 22, 2016 4:39 PM EST

Fourth Quarter 2015 GAAP earnings from continuing operations of $0.96 per diluted share and managed basis earnings from continuing operations of $0.44 per diluted share

Year ended December 31, 2015 GAAP earnings from continuing operations of $1.98 per diluted share and managed basis earnings from continuing operations of $1.47 per diluted share

GAAP earnings per share from continuing operations for the fourth quarter and the full year versus managed basis earnings per share from continuing operations benefit from tax rates lower than our normalized managed basis rates

PHILADELPHIA, Feb. 22, 2016 (GLOBE NEWSWIRE) -- Chemtura Corporation, (NYSE:... More