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Grace reached an agreement this past August to resolve all asbestos claims against the company, allowing it to emerge from bankruptcy without further obligations for asbestos injury.
The payments will be backed by 50.1 percent of W.R. Grace's stock.
A company representative declined to comment beyond what was posted in the SEC filing.
Shares of the Columbia, Md., company fell 11 cents to $3.50 Tuesday. A year ago, the stock traded as high as $30, but since September shares have plunged, recently bottoming at $2.95
Copyright 2008 The Associated Press. All rights reserved. This
material may not be published, broadcast, rewritten or
Copyright 2008 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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