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People & Business :: M&A

Chemical Finance Digest, Jan. 30-Feb. 3

3:43 PM MST | February 6, 2012 | Vincent Valk

Topping the headlines last week, Dow Chemical swung to a $20 million fourth-quarter loss on a tax charge. Excluding the charge, earnings totaled $289 million, or 25 cts/share. Earnings fell short of analysts’ estimates of 30 cts/share, and were also down from the year-ago period. In other earnings news, Celanese adjusted earnings fell 21%, to 58 cts/share. Reported earnings were actually up 64%, to $95 million, on reduced losses from discontinued operations. Cytec’s earnings were down 15%, to $41.6 million, while Cabot’s fell 39% to $46 million...

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