Solutia Files Form S-3 Registration Statement
July 27 2009 - 8:00PM
PR Newswire (US)
ST. LOUIS, July 27 /PRNewswire-FirstCall/ -- Solutia Inc.
(NYSE:SOA) today announced that it has filed a Registration
Statement on Form S-3 to comply with its obligation to register
shares of common stock owned by Harbinger Capital Partners Master
Fund I, Ltd. (the "Master Fund") and Harbinger Capital Partners
Special Situations Fund, L.P. (the "Special Fund", and together
with the Master Fund, the "HCP Funds") pursuant to a Registration
Rights Agreement that the Company entered into with HCP Funds on
June 18, 2009. In conjunction with the filing of Form S-3, the
Company also filed today a Current Report on Form 8-K. Because the
Company is a "well known seasoned issuer", the Registration
Statement is automatically effective upon filling. (Logo:
http://www.newscom.com/cgi-bin/prnh/20081029/AQW096LOGO) This press
release shall not constitute an offer to sell, or the solicitation
of an offer to buy, nor shall there be any sales of these
securities in any state in which such offer, solicitation or sales
would be unlawful prior to registration or qualification under the
securities laws of any state. Corporate Profile Solutia is a
market-leading performance materials and specialty chemicals
company. The company focuses on providing solutions for a better
life through a range of products, including: Saflex interlayer for
laminated glass; CPFilms aftermarket window films sold under the
LLumar brand and others; and technical specialties including the
Flexsys family of chemicals for the rubber industry, Skydrol
aviation hydraulic fluid and Therminol heat transfer fluid.
Solutia's businesses are world leaders in each of their market
segments. With its headquarters in St. Louis, Missouri, USA, the
company operates globally with approximately 3,100 employees in
more than 60 locations. More information is available at
http://www.solutia.com/.
http://www.newscom.com/cgi-bin/prnh/20081029/AQW096LOGO
http://photoarchive.ap.org/ DATASOURCE: Solutia Inc. CONTACT:
Media, Kyle Johnson, +1-314-674-8552, or Investors, Susannah
Livingston, +1-314-674-8914, both of Solutia Inc. Web Site:
http://www.solutia.com/
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