Eastman (EMN) to Buy Sterling Chemicals (SCHI) for $2.50/Share in Cash

June 22, 2011 9:05 AM EDT
Eastman Chemical (NYSE: EMN) to buy Sterling Chemicals (OTC: SCHI) for $2.50 per share, a 63 percent premium from the stock's close Tuesday night.

The deal, valued at $100 million, will be in all cash.


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