Message Font: Serif | Sans-Serif
No. of Recommendations: 0
Hello John,

You asked; I have one question, if they do file Chapter 11, What happens to the existing shares? (besides the market drops) I am assuming that GRA would be consolidating shares?

Chapter 11 is a bankruptcy option in which a trustee is appointed to reorganize the firm. Althought the existing claims of secuirty holders are likely to be reduced or replaced with different claims, it is epected that firm will continue operating. Both creditors and owners must approve the plan before the reorganiztion can be confimed by court action and becomes effective. Chapter 11 bankrupticies do not always result from buiness insolvency either. These asbestos claims against WC Grace seems to be forcing its hand to do something to get all these lawsuits consolidated and settled rather than having claims dribbling on and on for many years.

Watch the news on the stock..more information should be coming along soon. ( the news link is at the top of this page)

Best wishes,


Print the post  


When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.