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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.

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