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Momentive delays IPO

Waterford, New York – Momentive Performance Materials Holdings Inc. postponed its planned initial public offering, citing adverse market conditions in a company statement.

CEO and President Jack Boss said Momentive has developed and executed against a focused strategy of driving the growth of its specialty product portfolio and enhancing its global, integrated operations.

“While it is disappointing to have to postpone our initial public offering due to adverse market conditions, we had meaningful interest from the investment community in our company and have a strong financial position…

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