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People & Business :: People/Executives
Chemical Finance Digest, Sept. 5-9
3:25 PM MDT | September 12, 2011 | Vincent Valk
Topping the headlines last week, Clariant has downgraded its full-year earnings guidance "due to unfavorable foreign exchange rate developments and a softening of the global economy." The company now expects full-year EBITDA margins to be between 12.8% and 13.2%, down about a percentage point from previous guidance. In M&A news, Yara is reportedly in talks to acquire BASF's fertilizer assets. Analysts estimate the purchase price to be around $680 million. In equity news, Ecolab's previously announced share buyback, which will go into...
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