More on Eastman (EMN) / Solutia (SOA) deal: The offer of $27.65/share is a premium of 42% on...

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

More on Eastman (EMN) / Solutia (SOA) deal: The offer of $27.65/share is a premium of 42% on Solutia's close yesterday. Eastman says the deal is part of its strategy to expand into emerging markets, particularly Asia Pacific, and will "be immediately accretive to earnings." The firm now expects 2012 adjusted EPS of $5 and 2013 EPS of over $6. (PR)