Eastman Chemical (EMN) has sold $2.4B in debt to help fund its pending $4.7B acquisition of...

|About: Eastman Chemical Co. (EMN)|By:, SA News Editor

Eastman Chemical (EMN) has sold $2.4B in debt to help fund its pending $4.7B acquisition of Solutia (SOA). “The acquisition improves the business, as they are buying a stable, high-margin company,” an S&P analyst says, and "getting [funding] buttoned down is a favorable thing for them."