US Solutia shareholders approve acquisition by Eastman Chemical

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.

Solutia and Eastman had announced the $4.7bn (€3.8bn) deal in January.

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)

By: Stefan Baumgarten
+1 713 525 2653

AddThis Social Bookmark Button

For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.

Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.

Printer Friendly