Solutia (SOA) Up ~38% Following Eastman Chemical (EMN) Bid
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Solutia Inc. (NYSE: SOA) is up about 38 percent following Eastman Chemical's (NYSE: EMN) takeover proposal.
The deal would be $22 cash and 0.12 shares of Eastman (about $5.65 at yesterday's close) for a total value of $27.65, or $4.7 billion including debt.
The deal would be $22 cash and 0.12 shares of Eastman (about $5.65 at yesterday's close) for a total value of $27.65, or $4.7 billion including debt.
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