0000807249-14-000317.txt : 20141210 0000807249-14-000317.hdr.sgml : 20141210 20141210134957 ACCESSION NUMBER: 0000807249-14-000317 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20141210 DATE AS OF CHANGE: 20141210 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Chemtura CORP CENTRAL INDEX KEY: 0001091862 STANDARD INDUSTRIAL CLASSIFICATION: PLASTIC MATERIAL, SYNTH RESIN/RUBBER, CELLULOS (NO GLASS) [2820] IRS NUMBER: 522183153 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-56979 FILM NUMBER: 141277588 BUSINESS ADDRESS: STREET 1: BENSON ROAD CITY: MIDDLEBURY STATE: CT ZIP: 06749 BUSINESS PHONE: 2035732000 MAIL ADDRESS: STREET 1: BENSON ROAD CITY: MIDDLEBURY STATE: CT ZIP: 06749 FORMER COMPANY: FORMER CONFORMED NAME: CROMPTON CORP DATE OF NAME CHANGE: 20000512 FORMER COMPANY: FORMER CONFORMED NAME: CK WITCO CORP DATE OF NAME CHANGE: 19990727 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: GAMCO INVESTORS, INC. ET AL CENTRAL INDEX KEY: 0000807249 STANDARD INDUSTRIAL CLASSIFICATION: UNKNOWN SIC - 0000 [0000] IRS NUMBER: 133056041 STATE OF INCORPORATION: DE FISCAL YEAR END: 1031 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: ONE CORPORATE CENTER CITY: RYE STATE: NY ZIP: 10580-1434 BUSINESS PHONE: 9149215000 MAIL ADDRESS: STREET 1: ONE CORPORATE CENTER CITY: RYE STATE: NY ZIP: 10580 FORMER COMPANY: FORMER CONFORMED NAME: GABELLI ASSET MANAGEMENT INC ET AL DATE OF NAME CHANGE: 20020828 FORMER COMPANY: FORMER CONFORMED NAME: GABELLI FUNDS INC ET AL DATE OF NAME CHANGE: 19940714 SC 13D/A 1 chmt_05.htm

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549


SCHEDULE 13D

Under the Securities Exchange Act of 1934 (Amendment No. 5)



Chemtura Corporation
(Name of Issuer)

Common Stock
(Title of Class of Securities)


                                                                             ________163893209_________
(CUSIP Number)

David Goldman
GAMCO Investors, Inc.
One Corporate Center
Rye, New York 10580-1435
(914) 921-5000
(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)


______________________ December 9, 2014________________________
(Date of Event which Requires Filing of this Statement)


If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box .

1
CUSIP No. 163893209
1
Names of reporting persons
I.R.S. identification nos. of above persons (entities only)
Gabelli Funds, LLC                                                                I.D. No.  13-4044523
2
Check the appropriate box if a member of a group (SEE INSTRUCTIONS)                                                                                                                                                                                            (a)
 
 
(b)
 
3
Sec use only
 
4
Source of funds (SEE INSTRUCTIONS)
   00-Funds of investment advisory clients
 
5
Check box if disclosure of legal proceedings is required pursuant to items 2 (d) or 2 (e)
 
 
6
Citizenship or place of organization
   New York
 
Number Of
 
Shares
 
Beneficially
 
Owned
 
By Each
 
Reporting
 
Person
 
With
: 7
:
:
:
Sole voting power
 
3,282,668  (Item 5)
: 8
:
:
:
Shared voting power
 
None
: 9
:
:
:
Sole dispositive power
 
3,282,668  (Item 5)
:10
:
:
:
Shared dispositive power
 
None
11
 
 
 
Aggregate amount beneficially owned by each reporting person
 
3,282,668  (Item 5)
12
 
 
 
Check box if the aggregate amount in row (11) excludes certain shares
(SEE INSTRUCTIONS)
13
 
 
 
Percent of class represented by amount in row (11)
 
4.46%
14
 
 
 
Type of reporting person (SEE INSTRUCTIONS)
    IA, CO
 
2
 
CUSIP No. 163893209
1
Names of reporting persons
I.R.S. identification nos. of above persons (entities only)
GAMCO Asset Management Inc.                                                                                 I.D. No.  13-4044521
2
Check the appropriate box if a member of a group (SEE INSTRUCTIONS)                                                                                                                                                                                           (a)
 
 
(b)
 
3
Sec use only
 
4
Source of funds (SEE INSTRUCTIONS)
 00-Funds of investment advisory clients
 
5
Check box if disclosure of legal proceedings is required pursuant to items 2 (d) or 2 (e)
 
 
6
Citizenship or place of organization
   New York
 
Number Of
 
Shares
 
Beneficially
 
Owned
 
By Each
 
Reporting
 
Person
 
With
: 7
:
:
:
Sole voting power
 
4,332,644  (Item 5)
: 8
:
:
:
Shared voting power
 
None
: 9
:
:
:
Sole dispositive power
 
4,673,544   (Item 5)
:10
:
:
:
Shared dispositive power
 
None
11
 
 
 
Aggregate amount beneficially owned by each reporting person
 
4,673,544   (Item 5)
12
 
 
 
Check box if the aggregate amount in row (11) excludes certain shares
(SEE INSTRUCTIONS)
13
 
 
 
Percent of class represented by amount in row (11)
 
6.34%
14
 
 
 
Type of reporting person (SEE INSTRUCTIONS)
    IA, CO
 
 
3
CUSIP No. 163893209
1
Names of reporting persons
I.R.S. identification nos. of above persons (entities only)
Teton Advisors, Inc.                                                              I.D. No.  13-4008049
2
Check the appropriate box if a member of a group (SEE INSTRUCTIONS)                                                                                                                                                                                           (a)
 
 
(b)
 
3
Sec use only
 
4
Source of funds (SEE INSTRUCTIONS)
00 – Funds of investment advisory clients
 
5
Check box if disclosure of legal proceedings is required pursuant to items 2 (d) or 2 (e)
 
 
6
Citizenship or place of organization
   Delaware
 
Number Of
 
Shares
 
Beneficially
 
Owned
 
By Each
 
Reporting
 
Person
 
With
: 7
:
:
:
Sole voting power
 
91,600  (Item 5)
: 8
:
:
:
Shared voting power
 
None
: 9
:
:
:
Sole dispositive power
 
91,600  (Item 5)
:10
:
:
:
Shared dispositive power
 
None
11
 
 
 
Aggregate amount beneficially owned by each reporting person
 
91,600  (Item 5)
12
 
 
 
Check box if the aggregate amount in row (11) excludes certain shares
(SEE INSTRUCTIONS)
13
 
 
 
Percent of class represented by amount in row (11)
 
0.12%
14
 
 
 
Type of reporting person (SEE INSTRUCTIONS)                                                                                                                              
    IA, CO
 

 
4
CUSIP No. 163893209
1
Names of reporting persons
I.R.S. identification nos. of above persons (entities only)
Gabelli Securities, Inc.                                                         I.D. No.  13-3379374
2
Check the appropriate box if a member of a group (SEE INSTRUCTIONS)                                                                                                                                                                                           (a)
 
 
(b)
 
3
Sec use only
 
4
Source of funds (SEE INSTRUCTIONS)
00 – Client funds
 
5
Check box if disclosure of legal proceedings is required pursuant to items 2 (d) or 2 (e)
 
 
6
Citizenship or place of organization
   Delaware
 
Number Of
 
Shares
 
Beneficially
 
Owned
 
By Each
 
Reporting
 
Person
 
With
: 7
:
:
:
Sole voting power
 
4,600  (Item 5)
: 8
:
:
:
Shared voting power
 
None
: 9
:
:
:
Sole dispositive power
 
4,600  (Item 5)
:10
:
:
:
Shared dispositive power
 
None
11
 
 
 
Aggregate amount beneficially owned by each reporting person
 
4,600  (Item 5)
12
 
 
 
Check box if the aggregate amount in row (11) excludes certain shares
(SEE INSTRUCTIONS)
13
 
 
 
Percent of class represented by amount in row (11)
 
0.01%
14
 
 
Type of reporting person (SEE INSTRUCTIONS)
    HC, CO, IA

5

CUSIP No. 163893209
1
Names of reporting persons
I.R.S. identification nos. of above persons (entities only)
MJG Associates, Inc.                                                             I.D. No.  06-1304269
2  
Check the appropriate box if a member of a group (SEE INSTRUCTIONS)                                                                                                                                                                                            (a)
 
 
(b)
 
3
Sec use only
 
 
4
Source of funds (SEE INSTRUCTIONS)
00-Client Funds
 
5  
Check box if disclosure of legal proceedings is required pursuant to items 2 (d) or 2 (e)
 
 
6
Citizenship or place of organization
   Connecticut
 
Number Of
 
Shares
 
Beneficially
 
Owned
 
By Each
 
Reporting
 
Person
 
With
: 7
:
:
:
Sole voting power
 
None  (Item 5)
: 8
:
:
:
Shared voting power
 
None
: 9
:
:
:
Sole dispositive power
 
None  (Item 5)
:10
:
:
:
Shared dispositive power
 
None
11
 
 
 
Aggregate amount beneficially owned by each reporting person
 
None  (Item 5)
12
 
 
 
Check box if the aggregate amount in row (11) excludes certain shares
 (SEE INSTRUCTIONS)
13
 
 
 
Percent of class represented by amount in row (11)
 
0.00%
14
 
 
 
Type of reporting person (SEE INSTRUCTIONS)
 CO
 
 
6
CUSIP No. 163893209
1
Names of reporting persons
I.R.S. identification nos. of above persons (entities only)
Gabelli Foundation, Inc.                                                        I.D. No.  94-2975159
2
Check the appropriate box if a member of a group (SEE INSTRUCTIONS)                                                                                                                                                                                            (a)
 
 
(b)
 
3
Sec use only
 
4
Source of funds (SEE INSTRUCTIONS)
     WC
 
5
Check box if disclosure of legal proceedings is required pursuant to items 2 (d) or 2 (e)
 
 
6
Citizenship or place of organization
   NV
 
Number Of
 
Shares
 
Beneficially
 
Owned
 
By Each
 
Reporting
 
Person
 
With
: 7
:
:
:
Sole voting power
 
28,000 (Item 5)
: 8
:
:
:
Shared voting power
 
None
: 9
:
:
:
Sole dispositive power
 
28,000 (Item 5)
:10
:
:
:
Shared dispositive power
 
None
11
 
 
 
Aggregate amount beneficially owned by each reporting person
 
28,000 (Item 5)
12
 
 
 
Check box if the aggregate amount in row (11) excludes certain shares
(SEE INSTRUCTIONS)
13
 
 
 
Percent of class represented by amount in row (11)
 
   0.04%
14
 
 
 
Type of reporting person (SEE INSTRUCTIONS)
    00-Private Foundation
 

 
7
CUSIP No. 163893209
1
Names of reporting persons
I.R.S. identification nos. of above persons (entities only)
GGCP, Inc.                                                                             I.D. No.  13-3056041
2
Check the appropriate box if a member of a group (SEE INSTRUCTIONS)                                                                                                                                                                                             (a)
 
 
(b)
 
3
Sec use only
 
4
Source of funds (SEE INSTRUCTIONS)
WC
 
5
Check box if disclosure of legal proceedings is required pursuant to items 2 (d) or 2 (e)
 
 
6
Citizenship or place of organization
   Wyoming
 
Number Of
 
Shares
 
Beneficially
 
Owned
 
By Each
 
Reporting
 
Person
 
With
: 7
:
:
:
Sole voting power
 
18,000    (Item 5)
: 8
:
:
:
Shared voting power
 
None
: 9
:
:
:
Sole dispositive power
 
18,000    (Item 5)
:10
:
:
:
Shared dispositive power
 
None
11
 
 
 
Aggregate amount beneficially owned by each reporting person
 
18,000    (Item 5)
 
12
 
 
 
Check box if the aggregate amount in row (11) excludes certain shares
(SEE INSTRUCTIONS)   X
13
 
 
 
Percent of class represented by amount in row (11)
 
0.02%
 
14
 
 
Type of reporting person (SEE INSTRUCTIONS)
    HC, CO
 

 
8
CUSIP No. 163893209
1
Names of reporting persons
I.R.S. identification nos. of above persons (entities only)
GAMCO Investors, Inc.                                                         I.D. No.  13-4007862
 
 
Check the appropriate box if a member of a group (SEE INSTRUCTIONS)                                                                                                                                                                                             (a)
 
 
(b)
 
3
Sec use only
 
4
Source of funds (SEE INSTRUCTIONS)
WC
 
5
Check box if disclosure of legal proceedings is required pursuant to items 2 (d) or 2 (e)
 
 
6
Citizenship or place of organization
  Delaware
 
Number Of
 
Shares
 
Beneficially
 
Owned
 
By Each
 
Reporting
 
Person
 
With
: 7
:
:
:
Sole voting power
 
330   (Item 5)
: 8
:
:
:
Shared voting power
 
None
: 9
:
:
:
Sole dispositive power
 
330   (Item 5)
:10
:
:
:
Shared dispositive power
 
None
11
 
 
 
Aggregate amount beneficially owned by each reporting person
 
330   (Item 5)
 
12
 
 
 
Check box if the aggregate amount in row (11) excludes certain shares
(SEE INSTRUCTIONS)   X
13
 
 
 
Percent of class represented by amount in row (11)
 
0.00%
14
 
 
 
Type of reporting person (SEE INSTRUCTIONS)
    HC, CO
 

 
9
CUSIP No. 163893209
1
Names of reporting persons
I.R.S. identification nos. of above persons (entities only)
Mario J. Gabelli
2
Check the appropriate box if a member of a group (SEE INSTRUCTIONS)                                                                                                                                                                                            (a)
 
 
(b)
 
3
Sec use only
 
4
Source of funds (SEE INSTRUCTIONS)
Private Funds
 
5
Check box if disclosure of legal proceedings is required pursuant to items 2 (d) or 2 (e)
 
 
6
Citizenship or place of organization
   USA
 
Number Of
 
Shares
 
Beneficially
 
Owned
 
By Each
 
Reporting
 
Person
 
With
: 7
:
:
:
Sole voting power
 
66,000   (Item 5)
: 8
:
:
:
Shared voting power
 
None
: 9
:
:
:
Sole dispositive power
 
66,000   (Item 5)
:10
:
:
:
Shared dispositive power
 
None
11
 
 
 
Aggregate amount beneficially owned by each reporting person
 
66,000   (Item 5)
 
12
 
 
 
Check box if the aggregate amount in row (11) excludes certain shares
(SEE INSTRUCTIONS)   X
13
 
 
 
Percent of class represented by amount in row (11)
 
0.09%
14
 
 
Type of reporting person (SEE INSTRUCTIONS)
    IN
 

 
10
Item 1.                                        Security and Issuer
This Amendment No. 5 to Schedule 13D on the Common Stock of Chemtura Corporation, (the "Issuer") is being filed on behalf of the undersigned to amend the Schedule 13D, as amended (the "Schedule 13D") which was originally filed on March 27, 2014.  Unless otherwise indicated, all capitalized terms used herein but not defined herein shall have the same meanings as set forth in the Schedule 13D.

Item 2.                                        Identity and Background
Item 2 to Schedule 13D is amended, in pertinent part, as follows:
This statement is being filed by Mario J. Gabelli ("Mario Gabelli") and various entities which he
directly or indirectly controls or for which he acts as chief investment officer.  These entities engage in various aspects of the securities business, primarily as investment adviser to various institutional and individual clients, including registered investment companies and pension plans, and as general partner or the equivalent of various private investment partnerships or private funds.  Certain of these entities may also make investments for their own accounts.
The foregoing persons in the aggregate often own beneficially more than 5% of a class of equity securities of a particular issuer.  Although several of the foregoing persons are treated as institutional investors for purposes of reporting their beneficial ownership on the short-form Schedule 13G, the holdings of those who do not qualify as institutional investors may exceed the 1% threshold presented for filing on Schedule 13G or implementation of their investment philosophy may from time to time require action which could be viewed as not completely passive.  In order to avoid any question as to whether their beneficial ownership is being reported on the proper form and in order to provide greater investment flexibility and administrative uniformity, these persons have decided to file their beneficial ownership reports on the more detailed Schedule 13D form rather than on the short-form Schedule 13G and thereby to provide more expansive disclosure than may be necessary.
(a), (b) and (c) - This statement is being filed by one or more of the following persons: GGCP, Inc.  ("GGCP"), GGCP Holdings LLC ("GGCP Holdings"), GAMCO Investors, Inc. ("GBL"), Gabelli Funds, LLC ("Gabelli Funds"), GAMCO Asset Management Inc. ("GAMCO"), Teton Advisors, Inc. ("Teton Advisors"), Gabelli Securities, Inc. ("GSI"), G.research, Inc. ("G.research"), MJG Associates, Inc. ("MJG Associates"), Gabelli Foundation, Inc. ("Foundation"), MJG-IV Limited Partnership ("MJG-IV"), and Mario Gabelli.  Those of the foregoing persons signing this Schedule 13D are hereinafter referred to as the "Reporting Persons".
GGCP makes investments for its own account and is the manager and a member of GGCP Holdings which is the controlling shareholder of GBL.  GBL, a public company listed on the New York Stock Exchange, is the parent company for a variety of companies engaged in the securities business, including those named below.
GAMCO, a wholly-owned subsidiary of GBL, is an investment adviser registered under the Investment Advisers Act of 1940, as amended ("Advisers Act").  GAMCO is an investment manager providing discretionary managed account services for employee benefit plans, private investors, endowments, foundations and others.
GSI, a majority-owned subsidiary of GBL, is an investment adviser registered under the Advisers Act and serves as a general partner or investment manager to limited partnerships and offshore investment companies and other accounts.  As a part of its business, GSI may purchase or sell securities for its own account.  GSI is a general partner or investment manager of a number of funds or partnerships, including Gabelli Associates Fund, L.P., Gabelli Associates Fund II, L.P., Gabelli Associates Limited, Gabelli Associates Limited II E, ALCE Partners, L.P., Gabelli Capital Structure Arbitrage Fund LP, Gabelli Capital Structure Arbitrage Fund Limited, Gabelli Intermediate Credit Fund L.P., Gabelli Japanese Value Partners L.P., GAMA Select Energy + L.P., GAMCO Medical Opportunities L.P., GAMCO Long/Short Equity Fund, L.P., Gabelli Multimedia Partners, L.P, Gabelli International Gold Fund Limited and Gabelli Green Long/Short Fund, L.P.
G.research, a wholly-owned subsidiary of GSI, is a broker-dealer registered under the Securities Exchange Act of 1934, as amended ("1934 Act"), which as a part of its business regularly purchases and sells securities for its own account.
Gabelli Funds, a wholly owned subsidiary of GBL, is a limited liability company. Gabelli Funds is an investment adviser registered under the Advisers Act which provides advisory services for The Gabelli Equity Trust Inc., The Gabelli Asset Fund, The GAMCO Growth Fund, The Gabelli Convertible and Income Securities Fund Inc., The Gabelli Value 25 Fund Inc., The Gabelli Small Cap Growth Fund, The Gabelli Equity Income Fund, The Gabelli ABC Fund, The GAMCO Global Telecommunications Fund, The Gabelli Gold Fund, Inc., The Gabelli Multimedia Trust Inc., The Gabelli Global Rising Income & Dividend Fund, The Gabelli Capital Asset Fund, The GAMCO International Growth Fund, Inc., The GAMCO Global Growth Fund, The Gabelli Utility Trust, The GAMCO Global Opportunity Fund, The Gabelli Utilities Fund, The Gabelli Dividend Growth Fund, The GAMCO Mathers Fund, The Gabelli Focus Five Fund, The Comstock Capital Value Fund, The Gabelli Dividend and Income Trust, The Gabelli Global Utility & Income Trust, The GAMCO Global Gold, Natural Resources, & Income Trust, The GAMCO Natural Resources Gold & Income Trust, The GDL Fund, Gabelli Enterprise Mergers & Acquisitions Fund, The Gabelli SRI Fund, Inc., The Gabelli Healthcare & Wellness Rx Trust, and The Gabelli Global Small and Mid Cap Value Trust (collectively, the "Funds"), which are registered investment companies.  Gabelli Funds is also the investment adviser to The GAMCO International SICAV (sub-funds GAMCO Strategic Value and GAMCO Merger Arbitrage), a UCITS III vehicle.
Teton Advisors, an investment adviser registered under the Advisers Act, provides discretionary advisory services to The TETON Westwood Mighty Mitessm Fund, The TETON Westwood Income Fund, The TETON Westwood SmallCap Equity Fund, and The TETON Westwood Mid-Cap Equity Fund.
MJG Associates provides advisory services to private investment partnerships and offshore funds.  Mario Gabelli is the sole shareholder, director and employee of MJG Associates.   MJG Associates is the Investment Manager of Gabelli International Limited and Gabelli Fund, LDC.  Mario J. Gabelli is the general partner of Gabelli Performance Partnership, LP.
The Foundation is a private foundation.  Mario Gabelli is the Chairman, a Trustee and the Investment Manager of the Foundation. Elisa M. Wilson is the President of the Foundation.
Mario Gabelli is the controlling stockholder, Chief Executive Officer and a director of GGCP and Chairman and Chief Executive Officer of GBL.  Mario Gabelli is also a member of GGCP Holdings. Mario Gabelli is the controlling shareholder of Teton.
                             MJG-IV is a family partnership in which Mario Gabelli is the general partner.  Mario Gabelli has less than a 100% interest in MJG-IV.  MJG-IV makes investments for its own account.  Mario Gabelli disclaims ownership of the securities held by MJG-IV beyond his pecuniary interest.
The Reporting Persons do not admit that they constitute a group.
GAMCO and G.research are New York corporations and GBL, GSI, and Teton Advisors are Delaware corporations, each having its principal business office at One Corporate Center, Rye, New York 10580. GGCP is a Wyoming corporation having its principal business office at 140 Greenwich Avenue, Greenwich, CT 06830.   GGCP Holdings is a Delaware limited liability corporation having its principal business office at 140 Greenwich Avenue, Greenwich, CT 06830.  Gabelli Funds is a New York limited liability company having its principal business office at One Corporate Center, Rye, New York 10580.  MJG Associates is a Connecticut corporation having its principal business office at 140 Greenwich Avenue, Greenwich, CT 06830.  The Foundation is a Nevada corporation having its principal offices at 165 West Liberty Street, Reno, Nevada 89501.
For information required by instruction C to Schedule 13D with respect to the executive officers and directors of the foregoing entities and other related persons (collectively, "Covered Persons"), reference is made to Schedule I annexed hereto and incorporated herein by reference.
(d) – Not applicable.
(e) – Not applicable.
                                                 (f) – Reference is made to Schedule I hereto.

Item 5.                                        Interest In Securities Of The Issuer
Item 5 to Schedule 13D is amended, in pertinent part, as follows:
 (a) The aggregate number of Securities to which this Schedule 13D relates is 8,164,742 shares, representing 11.08% of the 73,666,291 shares outstanding as deducted from the Issuer's SC TO-I/A filed on December 5, 2014.  The Reporting Persons beneficially own those Securities as follows:
Name
Shares of
Common Stock
% of Class of
Common
 
GAMCO
 
Gabelli Funds
 
Teton Advisors
 
GSI
 
Foundation
 
Mario Gabelli
 
GBL
 
GGCP
 
 
4,673,544
 
3,282,668
 
91,600
 
4,600
 
28,000
 
66,000
 
330
 
18,000
 
6.34%
 
4.46%
 
0.12%
 
0.01%
 
0.04%
 
0.09%
 
0.00%
 
0.02%

Mario Gabelli is deemed to have beneficial ownership of the Securities owned beneficially by each of the foregoing persons.  GSI is deemed to have beneficial ownership of the Securities owned beneficially by G.research.  GBL and GGCP are deemed to have beneficial ownership of the Securities owned beneficially by each of the foregoing persons other than Mario Gabelli and the Foundation.
(b) Each of the Reporting Persons and Covered Persons has the sole power to vote or direct the vote and sole power to dispose or to direct the disposition of the Securities reported for it, either for its own benefit or for the benefit of its investment clients or its partners, as the case may be, except that (i) GAMCO does not have the authority to vote 340,900 of the reported shares, (ii) Gabelli Funds has sole dispositive and voting power with respect to the shares of the Issuer held by the Funds so long as the aggregate voting interest of all joint filers does not exceed 25% of their total voting interest in the Issuer and, in that event, the Proxy Voting Committee of each Fund shall respectively vote that Fund's shares, (iii) at any time, the Proxy Voting Committee of each such Fund may take and exercise in its sole discretion the entire voting power with respect to the shares held by such fund under special  circumstances such as regulatory considerations, and (iv) the power of Mario Gabelli, GBL, and GGCP is indirect with respect to Securities beneficially owned directly by other Reporting Persons.
(c) Information with respect to all transactions in the Securities which were effected during the past sixty days or since the most recent filing on Schedule 13D, whichever is less, by each of the Reporting Persons and Covered Persons is set forth on Schedule II annexed hereto and incorporated herein by reference.
 (e) Not applicable.








11






Signature
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
Dated:            December 10, 2014



GGCP, INC.
MARIO J. GABELLI
                                                                                                MJG ASSOCIATES, INC.
GABELLI FOUNDATION, INC.

By:/s/ Douglas R. Jamieson
     Douglas R. Jamieson
     Attorney-in-Fact



TETON ADVISORS, INC.


By:/s/ David Goldman                                                                                    
     David Goldman
     General Counsel – Teton Advisors, Inc.



GABELLI FUNDS, LLC


By:/s/ Bruce N. Alpert                                                                                    
     Bruce N. Alpert
     Chief Operating Officer - Gabelli Funds, LLC



GAMCO ASSET MANAGEMENT INC.
  GAMCO INVESTORS, INC.
GABELLI SECURITIES, INC.


By:/s/ Douglas R. Jamieson                                                                                                  
     Douglas R. Jamieson
                     President & Chief Operating Officer – GAMCO Investors, Inc.
     President – GAMCO Asset Management Inc.
     President – Gabelli Securities, Inc.




12



SCHEDULE I
Information with Respect to Executive
Officers and Directors of the Undersigned
Schedule I to Schedule 13D is amended, in pertinent part, as follows:

The following sets forth as to each of the executive officers and directors of the undersigned: his name; his business address; his present principal occupation or employment and the name, principal business and address of any corporation or other organization in which such employment is conducted.  Unless otherwise specified, the principal employer of each such individual is GAMCO Asset Management Inc., Gabelli Funds, LLC, Gabelli Securities, Inc., G.research, Inc., Teton Advisors, Inc., or GAMCO Investors, Inc., the business address of each of which is One Corporate Center, Rye, New York 10580, and each such individual identified below is a citizen of the United States.  To the knowledge of the undersigned, during the last five years, no such person has been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors), and no such person was a party to a civil proceeding of a judicial or administrative body of competent jurisdiction as a result of which he was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities law or finding any violation with respect to such laws except as reported in Item 2(d) and (e) of this Schedule 13D.










13









GGCP, Inc.
Directors:
 
               Mario J. Gabelli
 
Chief Executive Officer of GGCP, Inc., and Chairman & Chief Executive Officer of GAMCO Investors, Inc.; Director/Trustee of all registered investment companies advised by Gabelli Funds, LLC.
 
Marc J. Gabelli
 
Chairman of The LGL Group, Inc.
2525 Shader Road
Orlando, FL 32804
 
Matthew R. Gabelli
 
Vice President – Trading
G.research, Inc.
One Corporate Center
Rye,  NY 10580
 
Charles C. Baum
 
 
 
Secretary & Treasurer
United Holdings Co., Inc.
2545 Wilkens Avenue
Baltimore, MD   21223
 
              Fredric V. Salerno
 
Chairman; Former Vice Chairman and Chief Financial Officer
Verizon Communications
 
 
 
Officers:
 
Mario J. Gabelli
Chief Executive Officer and Chief Investment Officer
              Marc J. Gabelli
President
               Silvio A. Berni
 
Vice President, Assistant Secretary and Controller
 
 
GGCP Holdings LLC
Members:
 
              GGCP, Inc.
 
              Mario J. Gabelli
 
 
 
Manager and Member
 
Member
 
 
GAMCO Investors, Inc.
Directors:
 
 
               Edwin L. Artzt
 
 
 
 
Raymond C. Avansino
 
 
 
 
               Richard L. Bready
 
 
 
 
 
              Marc J. Gabelli
 
Former Chairman and Chief Executive Officer
Procter & Gamble Company
900 Adams Crossing
Cincinnati, OH 45202
 
Chairman & Chief Executive Officer
E.L. Wiegand Foundation
165 West Liberty Street
Reno, NV 89501
 
Former Chairman and Chief Executive Officer
Nortek, Inc.
50 Kennedy Plaza
Providence, RI 02903
 
 
See above
 
Mario J. Gabelli
 
               Elisa M. Wilson
See above
 
Director
c/o GAMCO Investors, Inc.
One Corporate Center
Rye, NY 10580
 
 
               Eugene R. McGrath
 
Former Chairman and Chief Executive Officer
Consolidated Edison, Inc.
4 Irving Place
New York, NY 10003
 
               Robert S. Prather
 
 
President & Chief Executive Officer
Heartland Media, LLC
1843 West Wesley Road
Atlanta, GA 30327
 
Officers:
 
Mario J. Gabelli
 
Chairman and Chief Executive Officer
 
Douglas R. Jamieson
 
Henry G. Van der Eb
 
Bruce N. Alpert
 
Agnes Mullady
 
Robert S. Zuccaro
 
Kevin Handwerker
 
President and Chief Operating Officer
 
Senior Vice President
 
Senior Vice President
 
Senior Vice President
 
Executive Vice President and Chief Financial Officer
 
Executive Vice President, General Counsel and Secretary
 
 
GAMCO Asset Management Inc.
Directors:
 
 
Douglas R. Jamieson
Regina M. Pitaro
William S. Selby
 
 
Officers:
 
 
Mario J. Gabelli
Chief Executive Officer and Chief Investment Officer – Value Portfolios
 
 
 
Douglas R. Jamieson
 
               Robert S. Zuccaro
 
               David Goldman
 
 
President, Chief Operating Officer and Managing Director
 
Chief Financial Officer
 
General Counsel, Secretary & Chief Compliance Officer
 
Gabelli Funds, LLC
Officers:
 
 
Mario J. Gabelli
 
Chief Investment Officer – Value Portfolios
Bruce N. Alpert
Executive Vice President and Chief Operating Officer
 
               Agnes Mullady
President and Chief Operating Officer – Open End Fund Division
 
               Robert S. Zuccaro
 
Chief Financial Officer
 
               David Goldman
 
General Counsel
 
Teton Advisors, Inc.
Directors:
 
 
Howard F. Ward
 
               Nicholas F. Galluccio
 
               Vincent J. Amabile
 
               John Tesoro
 
Chairman of the Board
 
Chief Executive Officer and President
 
 
Officers:
 
 
Howard F. Ward
 
               Nicholas F. Galluccio
 
               Robert S. Zuccaro
 
               David Goldman
 
               Tiffany Hayden
 
See above
 
See above
 
Chief Financial Officer
 
General Counsel
 
Secretary
Gabelli Securities, Inc.
 
 
Directors:
 
Robert W. Blake
President of W. R. Blake & Sons, Inc.
196-20 Northern Boulevard
Flushing, NY   11358
 
Douglas G. DeVivo
DeVivo Asset Management Company LLC
P.O. Box 2048
Menlo Park, CA 94027
 
               Marc J. Gabelli
 
See above
 Douglas R. Jamieson
 
President
 
               Daniel R. Lee
Chief Executive Officer
Full House Resorts, Inc.
4670 South Ford Apache Road, Suite 190
Las Vegas, NV 89147
               William C. Mattison, Jr.
 
               Salvatore F. Sodano
 

Officers:
 
 
Douglas R. Jamieson
 
Robert S. Zuccaro
 
Diane M. LaPointe
 
David M. Goldman
 
Joel Torrance
See above
 
Chief Financial Officer
 
Controller
 
General Counsel  and Secretary
 
Chief Compliance Officer
 
G.research, Inc.
Directors:
 
Irene Smolicz
Senior Trader – G.research, Inc.
 
               Daniel M. Miller
Chairman
 
              Cornelius V. McGinity
 
President
 
Officers:
 
 
Daniel M. Miller
See above
 
               Cornelius V. McGinity
 
See above
Bruce N. Alpert
 
               Diane M. LaPointe
 
               Douglas R. Jamieson
 
               David M. Goldman
 
               Josephine D. LaFauci
Vice President
 
Controller and Financial & Operations Principal
 
Secretary
 
Assistant Secretary
 
Chief Compliance Officer
 
Gabelli Foundation, Inc.
Officers:
 
                Mario J. Gabelli
Chairman, Trustee & Chief Investment Officer
 
                Elisa M. Wilson
 
                Marc J. Gabelli
 
                Matthew R. Gabelli
 
                Michael Gabelli
President
 
Trustee
 
Trustee
 
Trustee
 
MJG-IV Limited Partnership
Officers:
 
                 Mario J. Gabelli
General Partner

 

 
14
 
SCHEDULE II
INFORMATION WITH RESPECT TO
TRANSACTIONS EFFECTED DURING THE PAST SIXTY DAYS OR
SINCE THE MOST RECENT FILING ON SCHEDULE 13D (1)

                                   SHARES PURCHASED        AVERAGE
                        DATE            SOLD(-)             PRICE(2)

 COMMON STOCK - CHEMTURA CORPORATION

MJG ASSOCIATES, INC.
                      12/05/14            3,000-           24.2000
GGCP, INC.
                      12/05/14           20,000            24.8497
                      12/05/14           31,500-           24.2000
                      12/02/14           25,000            23.6288
                      12/02/14          110,000            24.2000
                      12/02/14          165,000-           24.2000
                      11/11/14              500-           23.4134
GAMCO INVESTORS, INC.
                      12/02/14           11,440-           24.2000
                      12/02/14            5,720            24.2000
GAMCO ASSET MANAGEMENT INC.
                      12/09/14              500            23.9100
                      12/09/14            2,500            23.8300
                      12/08/14           49,375              *DI
                      12/08/14           50,036            24.5644
                      12/08/14           15,000            24.2600
                      12/08/14          148,125              *DI
                      12/08/14           25,300            24.2838
                      12/05/14           17,900            24.6456
                      12/05/14            1,000            24.7590
                      12/05/14            2,500            24.2000
                      12/05/14              500-           24.3500
                      12/05/14           80,000            24.8865
                      12/05/14          605,618-           24.2000
                      12/04/14              800            24.0100
                      12/04/14           13,100            24.1329
                      12/03/14              300-           24.2000
                      12/03/14            1,000-             *DO
                      12/03/14              500            24.2851
                      12/03/14            5,500            24.2491
                      12/03/14            1,500-           24.1642
                      12/02/14            2,000-           24.2000
                      12/02/14            3,000            23.6000
                      12/02/14            2,500            23.5599
                      12/02/14              250-             *DO
                      12/02/14            9,000            23.6200
                      12/02/14           50,000-           24.2000
                      12/02/14            2,000            23.5500
                      12/01/14              200-           23.2500
                      12/01/14              500-           23.4878
                      11/28/14            1,300-           23.5369
                      11/26/14            2,000-           23.5852
                      11/26/14            1,000            23.5150
                      11/26/14            1,900-           23.5701
                      11/25/14              500            23.4160
                      11/25/14            5,000-           23.4600
                      11/25/14            8,500-           23.4853
                      11/24/14            3,000-           23.3010
                      11/24/14              200-           23.3000
                      11/24/14            3,000            23.2757
                      11/24/14              600-           23.4110
                      11/21/14            1,000-           23.3950
                      11/21/14            6,000-           23.3406
                      11/21/14            1,400            23.3666
                      11/20/14              900            23.1300
                      11/20/14              200            22.9800
                      11/20/14            1,500-           23.1033
                      11/19/14           14,000-           23.1600
                      11/19/14              600-           23.0410
                      11/19/14           14,000-           23.1599
                      11/19/14           14,000            23.1599
                      11/19/14            1,500            23.2599
                      11/19/14            2,000-           23.1523
                      11/18/14           10,000-           23.2023
                      11/18/14            3,500-           23.1980
                      11/18/14            3,400            23.2475
                      11/18/14              500            23.2100
                      11/18/14            3,400-           23.2475
                      11/18/14            2,100            23.2155
                      11/18/14            3,400-           23.3001
                      11/17/14            1,500-           23.0800
                      11/17/14            9,300            23.1479
                      11/14/14            1,500-           23.0903
                      11/14/14              600-           23.0300
                      11/14/14              400            23.1000
                      11/14/14            1,500            23.0506
                      11/14/14            5,000-           23.0823
                      11/13/14            1,300            23.4400
                      11/13/14            8,000-           23.4138
                      11/13/14              400-           23.4444
                      11/13/14              300-           23.4726
                      11/13/14            5,000-           23.4978
                      11/13/14            2,100-           23.4306
                      11/13/14            1,000            23.4500
                      11/12/14            1,000            23.4530
                      11/12/14            1,000-           23.4800
                      11/12/14              500-           23.5200
                      11/11/14            1,400-           23.2671
                      11/11/14              800-           23.3788
                      11/11/14              200-           23.2901
                      11/11/14              500            23.4100
                      11/11/14              500            23.5168
                      11/11/14              800            23.3788
                      11/11/14              800-           23.3788
                      11/10/14            6,000            23.3900
                      11/10/14            2,900            23.3953
                      11/10/14            8,000-           23.3762
                      11/10/14           10,900            23.3400
                      11/07/14           22,000              *DI
                      11/07/14              900            23.4000
                      11/05/14              500            23.4800
                      11/04/14              500            23.4599
                      11/04/14              700            23.4600
                      11/04/14              300-           23.3300
                      11/04/14            1,000            23.3700
                      10/10/14              300            21.9667
                      10/10/14              300-           21.9667
GABELLI SECURITIES, INC.
                      12/02/14           31,929            24.2000
                      12/02/14           63,858-           24.2000
                      11/25/14            6,000-           23.4929
GABELLI ASSOCIATES LIMITED II E
                      12/03/14            7,100-           24.1642
                      12/02/14              600-           23.6011
                      11/26/14            1,100-           23.5908
                      11/12/14            1,000-           23.5300
GABELLI ASSOCIATES LIMITED
                      12/03/14           15,137-           24.1642
                      12/02/14            1,763-           23.6011
                      12/01/14            3,300-           23.4878
                      11/26/14              900-           23.5908
GABELLI ASSOCIATES FUND II
                      12/02/14           27,200-           24.2000
                      12/02/14           13,600            24.2000
GABELLI ASSOCIATES FUND
                      12/02/14           34,450            24.2000
                      12/02/14           68,900-           24.2000
ALCE PARTNERS
                      12/02/14            4,000-           24.2000
                      12/02/14            2,000            24.2000
                      11/06/14            1,000-           23.4200
GABELLI INTERNATIONAL LIMITED
                      11/24/14           10,000-           23.3546
TETON ADVISORS, INC.
                      11/25/14              300-           23.4901
MARIO J. GABELLI
                      12/05/14              500-           24.2000
                      11/11/14            3,000-           23.4134
GABELLI FUNDS, LLC.
GABELLI FOCUS FIVE FUND
                      12/05/14           12,460-           24.8166
GABELLI VALUE FUND
                      12/02/14           72,000            24.2000
                      12/02/14          108,000-           24.2000
                      11/24/14           15,000-           23.3547
GABELLI SMALL CAP GROWTH FUND
                      12/09/14           73,850            23.8713
                      12/05/14          200,000            24.9160
                      12/02/14          225,000            24.2000
                      12/02/14          450,000-           24.2000
GABELLI GLOBAL SMALL AND MID CAP VALUE TRUST
                      12/04/14            3,000            23.9500
                      12/03/14            7,500            23.6000
                      12/02/14            2,500            23.4200
                      11/06/14              500            23.3990
GABELLI DIVIDEND & INCOME TRUST
                      11/13/14              700            23.4500
GABELLI CONVERTIBLE & INCOME SECURITIES FUND
                      12/02/14            2,200            24.2000
                      12/02/14            4,400-           24.2000
GAMCO MERGER ARBITRAGE
                      12/03/14           11,563-           24.1642
                      12/02/14              637-           23.6011
                      12/01/14            1,200-           23.4878
GABELLI ABC FUND
                      12/02/14           20,000-           24.2000
                      12/02/14           10,000            24.2000


(1) UNLESS OTHERWISE INDICATED, ALL TRANSACTIONS WERE EFFECTED
    ON THE NYSE.

(2) PRICE EXCLUDES COMMISSION.

(*) RESULTS IN CHANGE OF DISPOSITIVE POWER AND BENEFICIAL OWNERSHIP.


15