W.R. Grace Gets Approval For Stock Warrant Deal, Qualified Settlement Fund

WILMINGTON, Del. - A federal bankruptcy judge in Delaware on Dec. 11 approved requests by W.R. Grace & Co. to enter into a cash-settled collar agreement that will guarantee between $375 million and $490 million in funding for an asbestos trust and to establish a qualified settlement fund of up to $100 million so the Chapter 11 debtor can receive a tax deduction for 2012 (In re: W.R. Grace & Co., et al., No. 01-01139, D. Del. Bkcy.).

Access this news story on lexis.com®