Chemical distillation

27 January 2012 By Jeffrey Goldfarb

Eastman Chemical, once part of just-bankrupt Kodak, is spending $4.7 bln on Solutia, a rival that went bust in 2003 after splitting from Monsanto. With spinoffs so popular these days, the deal is a timely reminder for investors that not all carve-up progeny are created equal.

This content is for Subscribers only

To access full Breakingviews.com content you must be a subscriber. Please use the following link to request a trial.

 

Email a friend

Please complete the form below.

Required fields *

*
*
*

(Separate multiple email addresses with commas)