Eastman Chemical Company sells Performance Polymers PET business to DAK Americas - MarketLine Financial Deals

Eastman Chemical Company sells Performance Polymers PET business to DAK Americas

Eastman Chemical Company sells Performance Polymers PET business to DAK Americas - MarketLine Financial Deals
Eastman Chemical Company sells Performance Polymers PET business to DAK Americas
Published Feb 01, 2011
3 pages — Published Feb 01, 2011
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Brief Excerpt:

...Eastman Chemical Company has completed the sale of its PET business and related assets, and technology of its Performance Polymers segment to DAK Americas LLC for a cash consideration of approximately $600 million. Eastman Chemical is a manufacturer and supplier of chemicals, plastics and fibers, while DAK is a producer and supplier of terephthalic acid, polyethylene terephthalate container resins and polyester staple fibers. Both the companies are based in the US. Announcement (October 25, 2010): Eastman Chemical has entered into a definitive agreement to sell its PET business and related assets, and technology of its Performance Polymers segment to DAK Americas. Bank of America Merrill Lynch is serving as financial advisor to Eastman. Weil Gotshal & Manges LLP is acting as legal advisor to DAK Americas. The transaction is expected to close during the fourth quarter of 2010. Target Eastman Chemical Company - Performance Polymers PET Business and Related Assets and Technology Acquirer DAK...

  
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Document ID
MA35979_101027
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EMN=US
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MLA:
MarketLine Financial Deals. "Eastman Chemical Company sells Performance Polymers PET business to DAK Americas" Feb 01, 2011. Alacra Store. Dec 10, 2016. <http://www.alacrastore.com/storecontent/MarketLine-Financial-Deals/Eastman-Chemical-Company-sells-Performance-Polymers-PET-business-to-DAK-Americas-2052-45912>
  
APA:
MarketLine Financial Deals. (2011). Eastman Chemical Company sells Performance Polymers PET business to DAK Americas Feb 01, 2011. New York, NY: Alacra Store. Retrieved Dec 10, 2016 from <http://www.alacrastore.com/storecontent/MarketLine-Financial-Deals/Eastman-Chemical-Company-sells-Performance-Polymers-PET-business-to-DAK-Americas-2052-45912>
  
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