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Stock Market & Financial Investment News

News Breaks
January 28, 2014
11:01 EDTEMN, BPEastman Chemical to acquire turbine oil business from BP
Eastman Chemical (EMN) announced that it has entered into a definitive agreement to acquire the assets of BP's (BP) global aviation turbine engine oil business, with annual revenues of approximately $100M. The acquisition includes a production facility in Linden, NJ, specialized laboratory equipment located in Naperville, IL, and a long-term supply agreement for products related to the acquired business that BP will use to serve industrial markets. When added to its Skydrol aviation hydraulic fluids, the acquired fluids product portfolio is expected to enable Eastman to better meet the global aviation industry's needs. Subject to receipt of required regulatory approvals and satisfaction of other customary closing conditions, the acquisition is expected to be completed in the second quarter. Terms of the transaction were not disclosed.
News For EMN;BP From The Last 14 Days
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August 29, 2014
09:37 EDTBPActive equity options trading on open
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06:38 EDTBPRising oil supplies pressuring prices, NY Times says
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August 28, 2014
09:34 EDTBPBP confirms refinery 'minimally' affected after fire, AP reports
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07:35 EDTBPBP downgraded to Underweight from Equal Weight at Morgan Stanley
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August 22, 2014
06:39 EDTBPBP drops $9.3B on fuel stations, exploration in Australia, Bloomberg says
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