Eastman Chemical may divest PET business

23 April 2010 13:09  [Source: ICIS news]

TORONTO (ICIS news)--Eastman Chemical said on Friday it will “review strategic options” for its polyethylene terephthalate (PET) business, including a possible divestiture.

The US-based international chemicals major had retained Bank of America Merrill Lynch as its exclusive financial adviser for a strategic review of the business, it said in a brief statement that did not disclose further details.

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By: Stefan Baumgarten
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