29 June 2012 15:58 [Source: ICIS news]
HOUSTON (ICIS)--The shareholders of Solutia have approved the company’s acquisition by Eastman Chemical, Solutia said on Friday.
Under the terms of the deal, Solutia stockholders will receive $22.00 in cash and 0.12 shares of Eastman common stock for each share of Solutia common stock as consideration in the acquisition, Solutia said.
($1 = €0.80)
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