Industry News, Mergers and Acquisitions, Suppliers News

Eastman to Acquire Solutia

Significant step in Eastman’s strategy to extend its global presence in emerging markets

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By: DAVID SAVASTANO

Editor, Ink World Magazine

Eastman Chemical Company and Solutia Inc. announced that they have entered into a definitive agreement, under which Eastman will acquire Solutia, a global leader in performance materials and specialty chemicals. Under the terms of the agreement, Solutia stockholders will receive $22.00 in cash and 0.12 shares of Eastman common stock for each share of Solutia common stock. Based on closing prices on Jan. 26, 2012, Solutia shareholders will receive cash and stock valued at $27.65 per Solutia co...

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