New Solutia Stock Begins Trading On the New York Stock Exchange On a When Issued Basis
Thursday December 20, 4:24 pm ET
New Solutia Ticker Symbol: SOA
ST. LOUIS, Dec. 20, 2007 (PRIME NEWSWIRE) -- Solutia Inc. (NYSE:SOA), a leading manufacturer and provider of high-performance specialty materials and chemicals, today announced that the common stock of reorganized Solutia that will be issued pursuant to the company's Plan of Reorganization has begun trading on the New York Stock Exchange. The ticker symbol for this stock is SOA. Currently the ticker symbol also includes the "wi'' notation, which means the stock is being traded on a "when issued'' basis. The "wi'' notation will be removed when the stock begins "regular way'' trading.
The current Solutia common stock continues to trade over-the-counter using the ticker symbol (OTC BB:SOLUQ.OB - News) and, under the company's Plan of Reorganization, this stock will be cancelled upon the company's emergence from Chapter 11.
Solutia uses world-class skills in applied chemistry to create value-added solutions for customers, whose products improve the lives of consumers every day. Solutia is a world leader in performance films for laminated safety glass and after-market applications; chemicals for the rubber industry; specialties such as heat transfer fluids and aviation hydraulic fluid; and an integrated family of nylon products including high-performance polymers and fibers.
Solutia ... Solutions for a Better Life.
Source: Solutia Inc.
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