Eastman Chemical wins EU approval to buy Solutia, Reuters reports

theflyonthewall.com

Eastman Chemical (EMN) has won approval from the EU to buy Solutia (SOA) for $3.4B, Reuters reports. Eastman said in January that it expects the merger to be immediately accretive and the group would save about $100M per year in costs by the end of next year.

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