Chemtura Corporation (ticker symbol: CHMT), a U.S. global specialty chemicals company, announced its Fast Path cross-listing on NYSE Euronext in Paris today. Chemtura Corporation is the first NYSE-listed company in 2012 to take advantage of this streamlined and cost-effective process and the fourteenth to do so since the facility was made available by NYSE Euronext in 2008.
The Fast Path listing enables US-listed, non-EU companies to use their existing filings with the Securities and Exchange Commission (SEC) for a listing on NYSE Euronext’s European market. This listing process can be used in connection with various transactions, including initial public offerings, follow-on capital raisings, spin-offs and direct listings without capital raising.
Chemtura Corporation develops, manufactures and markets innovative application-focused specialty chemical solutions and consumer products. The company holds a leading position in diversified industries, including automotive, electronics, pool and spa chemicals, agriculture and transportation. With approximately 4,500 employees worldwide, Chemtura Corporation manufactures products at 31 sites and sells products in over 100 countries. The Europe, Middle East and Africa region represented 30% of Chemtura’s 2011 sales.
“A Fast Path listing is yet another example of how NYSE Euronext enables companies to connect to other markets more effectively. We are delighted to welcome Chemtura Corporation to the community of NYSE Euronext listed companies”, said Diederik Zandstra, Head of International Listings at NYSE Euronext. “This operation will enable the company to gain access to the dynamic and vibrant European market, and increase its visibility enabling it to expand its operations and reinforce its global identity ”.Craig A. Rogerson, Chairman, President and CEO of Chemtura Corporation, commented: “ We are pleased to be cross-listing on NYSE Euronext in Paris. There are many exciting investment opportunities for us in Europe. All are important steps in building recognition as a truly global enterprise”. Chemtura Corporation’s Common Stock was admitted to listing and trading on NYSE Euronext by direct listing of the existing 100,145,032 shares of which 98,665,045 are outstanding, making up the company's issued capital stock as of March 31, 2012.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
24/7 market commentary from Jim Cramer and 20+ veteran Wall Street gurus. Get access to the latest trading ideas on stocks, options, and ETFs as well as a real-time forum to see the pros exchanging their investment ideas.
- Jim Cramer + 20 Wall Street pros
- Intraday commentary & news
- Real-time trading forum
- Actionable trade ideas
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV