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Solutia Schedules June 29 Stockholder Meeting to Vote on Eastman Acquisition

8:40 AM MDT | May 29, 2012 | Lindsay Frost

Solutia has set a June 29 special meeting of stockholders to vote on approval of Eastman's previously announced $4.7-billion acquisition of Solutia. Stockholders as of May 4 will be able to vote on the transaction. Solutia and Eastman expect the transaction to close the transaction during the first week of July, assuming acceptance of the proposal. Solutia also announced today that the European Commission has cleared the proposed merger, and that all antitrust clearances required to complete the deal have now been obtained. The transaction has already...

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