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February 3, 2012
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| 10:30 EDT |  | EMN |
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| 06:26 EDT | | EMN |
| theflyonthewall.com: | Eastman Chemical upgraded to Buy from Sell at Goldman | | Goldman upgraded Eastman Chemical based on expectations for an end market recovery and better propane/propylene spreads. Price target is $63. :theflyonthewall.com |
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February 2, 2012
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| 09:33 EDT |  | EMN |
| theflyonthewall.com: | Eastman Chemical downgraded to Hold from Buy at Gilford Securities (pre-open) |
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January 27, 2012
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| 16:23 EDT |  | EMN |
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| 14:47 EDT | | EMN |
| theflyonthewall.com: | Eastman Chemical upgraded to Buy from Neutral at BofA/Merrill | | :theflyonthewall.com |
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| 12:21 EDT | | EMN |
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| 09:41 EDT |  | EMN |
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| 09:27 EDT | | EMN |
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| 09:00 EDT | | EMN |
| theflyonthewall.com: | Eastman Chemical rises 8.2% | | Eastman Chemical is up 8.2%, or $3.88, to $51.00 :theflyonthewall.com |
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| 08:51 EDT | | EMN |
| theflyonthewall.com: | Corrected: Eastman Chemical moves higher after results, resistance at $52.55 | | :theflyonthewall.com |
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| 07:17 EDT |  | EMN |
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| 07:15 EDT | | EMN |
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| 06:27 EDT |  | EMN |
| theflyonthewall.com: | Solutia agrees to $27.65 per share Eastman Chemical bid | | Solutia (SOA) definitively agreed to be acquired by Eastman Chemical (EMN) for cash and stock valued at $27.65 a share. :theflyonthewall.com |
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| 06:04 EDT |  | EMN |
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| 06:04 EDT | | EMN |
| theflyonthewall.com: | Eastman Chemical sees FY12 EPS approximately $5 vs. consensus $4.64 | | Guidance excludes acquisition-related costs and charges. :theflyonthewall.com |
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| 06:03 EDT | | EMN |
| theflyonthewall.com: | Eastman Chemical sees Solutia transaction immediately accretive to earnings | | Eastman expects the transaction to be immediately accretive to earnings, excluding acquisition-related costs and charges. Eastman has identified annual cost synergies of approximately $100M that are expected to be achieved by year-end 2013. Further, Eastman expects to realize significant tax benefits from Solutia’s historical net operating losses and other tax attributes that are expected to contribute to free cash flow of approximately $1B through 2013. The transaction, which was approved by the Boards of Directors of both companies, remains subject to approval by Solutia’s shareholders and receipt of required regulatory approvals as well as other customary closing conditions. The transaction is expected to close in mid-2012. :theflyonthewall.com |
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| 06:02 EDT | | EMN |
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| 06:01 EDT | | EMN |
| theflyonthewall.com: | Eastman Chemical to acquire Solutia in transaction valued at $4.7B | | :theflyonthewall.com |
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January 26, 2012
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| 17:19 EDT | | EMN |
| theflyonthewall.com: | Eastman Chemical sees Q1 EPS $1.05-$1.15 vs. consensus $1.03 | | Commenting on the outlook for Q1 and FY12, Eastman Chemical said: "We enter 2012 with our businesses well positioned to continue delivering strong results and expected benefits from recent capacity additions as well as the Sterling and Scandiflex acquisitions. While there is continued economic uncertainty, we are expecting economic activity to accelerate in the second half of the year compared with the first half, particularly in the Asia Pacific and North American regions. In addition, olefins margins appear to be improving so that we expect that producing versus buying olefins will become a tailwind for 2012. We also face headwinds from anticipated volatility in raw material and energy costs and higher pension expense. As a result, we expect Q1 EPS from continuing operations to be between $1.05-$1.15 per share and we expect FY12 EPS to be above FY11 EPS continuing operations of $4.56. And our solid balance sheet and expectation for continued strong cash generation positions us for further earnings growth." :theflyonthewall.com |
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| 17:17 EDT | | EMN |
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| 15:16 EDT | | EMN |
| theflyonthewall.com: | Companies reporting After the Market Close on Thursday, January 26 | | Notable companies reporting after the bell include Amgen (AMGN), Chubb (CB), Eastman Chemical (EMN), DeVry (DV), Federated Investors (FII), Juniper Networks (JNPR), KLA-Tencor (KLAC), Robert Half International (RHI), Starbucks (SBUX), Verisign (VRSN), Motorola Mobility Holdings (MMI). :theflyonthewall.com |
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