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Chemical Finance Digest, June 5
12:40 PM MDT | June 5, 2012 | Vincent Valk
Topping the headlines, the European Commission has cleared Eastman’s $4.7 billion acquisition of Solutia, as Solutia has scheduled a shareholders’ meeting on June 29 to vote on the deal. If shareholders approve, the deal is expected to close during the first week of July. In other M&A news, PTT Global Chemical has completed its acquisition of a 50% stake in NatureWorks, a biopolymers firm, while Neo Materials Technologies shareholders have accepted an offer from Molycorp. Tata Chemicals and SQM both reported increases in earnings, as...
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