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Eastman To Buy Sterling Chemicals
Posted on June 23, 2011 at 09:32 AM EDT
Eastman Chemical Company (NYSE:EMN) announced that it will acquire Sterling Chemicals Inc. (SCHI) for $100 million in cash in order to boost its plasticizer product line. The deal is expected to close in the third quarter of 2011. The transaction, which includes Sterling’s plasticizer and acetic acid manufacturing assets in Texas City, Texas, is expected [...]
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