Chemical Deals Deserve Attention
You always have to pay attention to a deal where the acquirer ramps, especially one where there's stock involved.
That's exactly what happened this morning when Eastman Chemical (EMN) bid for Solutia (SOA). This kind of consolidation is hugely additive and, in this case, a sure sign that Eastman Chemical recognizes that performance chemicals, Solutia's bailiwick, could be making a big comeback. When you hear performance chemicals you should be thinking non-residential construction and aerospace and we know from Eaton yesterday that both markets have been gaining steam....130 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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