Solutia Files Form S-3 Registration Statement
PR Newswire
ST. LOUIS, July 27
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.
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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 www.Solutia.com.
SOURCE Solutia Inc.