9:48 AM MST | January 27, 2012 | Natasha Alperowicz
Eastman Chemical has reached an agreement to acquire Solutia for about $4.7 billion in stock and cash, including assumed debt. Solutia shareholders will receive $22.00 in cash and 0.12 shares of Eastman common stock for each share of Solutia common stock...
Ineos says that, "based on unaudited preliminary management information," the company estimates that its fourth-quarter 2011 Ebitda was €220 million, down 1% on the corresponding period of 2010. The figures are for Ineos's chemicals business ...
Desso (Waalwijk, the Netherlands), a manufacturer of carpets and flooring systems made from materials such as nylon 6, nylon 6,6 and polypropylene (PP), in 2007 changed its business model by adopting a production system based on Cradle to Cradle design principles. The company has been working with Dow Chemical and other chemical firms to get where it wants to go...
This Week on CW: Eastman Chemical announced plans to acquire Solutia for $4.7 billion in cash and stock, including assumed debt. The purchase price of $27.65/share, including cash and stock, represents a 42% premium on Solutia’s closing price on Thursday. The deal will create a company with proforma sales in excess of $9 billion/year. Earnings at diversified and commodity firms were decidedly mixed, with...
The Biobased Chemicals Summit in San Diego wrapped up yesterday, and the topic that speakers and attendees kept circling back to was money. Is is available, how does my company get it, where should we invest it? I still have a mountain of material to sift through, but I pulled out a couple of key points in the interim: It's a radically different IPO market than a year ago, and the outlook for those...
The Natural Resources Defense Council (NRDC; Washington) has filed suit to block the U.S. EPA’s conditional approval of nanosilver, an antimicrobial used in textiles, medical treatments and other products. EPA last December approved the petition by...
Toray Industries and automotive design company Gordon Murray Design (Shalford, U.K.) say they have agreed to enter into a technical partnership. Through the partnership, focused mainly on automobile-related research and development, the companies will work...
Eastman Chemical announced plans to acquire Solutia for $4.7 billion in cash and stock, including assumed debt. The purchase price of $27.65/share, including cash and stock, represents a 42% premium on Solutia’s closing price on Thursday...
Dishman Pharmaceuticals & Chemicals (Ahmedabad, India), tells CW that it may sell its large-scale facility in the Shanghai Chemical Industrial Park at Caojing, China, which produces pharma intermediates, active pharmaceutical ingredients (APIs), and...
3:38 AM MST | January 25, 2012 | Natasha Alperowicz
South Africa's Competition Commission (Pretoria) on Tuesday blocked a bid by Senmin International, a unit of AECI, to acquire Cellulose Derivatives (Pretoria). The commission says that the merger “was essentially the same transaction that was previously...
Early earnings reports confirm the weak end to 2011. Volumes fell in the fourth quarter, but revenues and earnings were decent thanks to strong pricing (p. 9, 12). DuPont reported a 10% year-over-year drop in volumes, with demand dragged down by weakness in...
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