Solutia

Bankruptcy Court, calls for Solutia, which is based in St. Louis, to drop its lawsuit against its three lenders and agree to some renegotiated terms on the original loan.

Solutia Settles Bankruptcy Suit 2008

Five years ago, Monsanto spun off its chemical operations, and the spin-off, a company called Solutia, has inherited liability.

CNN Transcript Jan 26, 2002 2002

Based on Eastman's $47.12 Thursday close, the per-share offer of $27.65 marks a 42% premium to Solutia's Thursday close.

Eastman Chemical to Buy Solutia Doug Cameron 2012

Eastman Chemical Co. said Friday it has agreed to buy specialty-chemical maker Solutia Inc. for about $3.4 billion in a move that executives see paying off as auto, construction and consumer-electronics markets recover.

Eastman Chemical to Buy Solutia Doug Cameron 2012

On Friday, Solutia shares were ahead 40% at $27.25, while Eastman gained 5.3% to $49.60, valuing the company at $6.8 billion.

Eastman Chemical to Buy Solutia Doug Cameron 2012

Eastman is offering $22 in cash and 0.12 shares for each Solutia share.

Eastman Chemical to Buy Solutia Doug Cameron 2012

While Eastman in its current form had good growth prospects, Mr. Rogers said in an interview that it started looking at potential deals last summer, with Solutia meeting all its target criteria.

Eastman Chemical to Buy Solutia Doug Cameron 2012

St. Louis-based Solutia will add $2.1 billion in revenue to Eastman's $7 billion base and reduce its reliance on domestic customers to below 50% of sales.

Eastman Chemical to Buy Solutia Doug Cameron 2012

Solutia Inc. topped the list of Biggest Percentage Price Gainers among common stocks on the New York Stock Exchange at the close.

Solutia, Cepheid: Biggest Price Gainers (SOA, CPHD) MARKET DATA STAFF 2012

Solutia also provides screen coatings for electronic products such as the iPad and Kindle tablets, and Eastman executives said demand in the segment remains volatile.

Eastman Chemical to Buy Solutia Doug Cameron 2012