Solutia Investor Tries To Stop $5B Eastman Chemical Merger
On Jan. 27, Kingsport, Tenn.-based Eastman said it would pay $22 in cash and 0.12 shares of its stock — about $3.4 billion — for each of St. Louis-headquartered Solutia's shares in a deal worth $4.7 billion when Solutia's $1.3 billion debt is added in.
But the deal’s announcement came on the very...
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