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Stock Market & Financial Investment News

News Breaks
June 22, 2012
09:00 EDTTAMTAM SA rises 4.4%
TAM SA is up 4.4%, or $1.07, to $25.36
News For TAM From The Last 14 Days
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December 5, 2014
12:08 EDTTAMEastman Chemical sees Taminco acquistion accretive to FY15, FY16 earnings
Eastman Chemical (EMN) announced the completion of its acquisition of Taminco (TAM), a global specialty chemical company, for a total of $2.8B in cash and assumed debt. The acquired Taminco businesses are expected to be accretive to 2015 earnings per share by greater than 35c, excluding acquisition-related costs and charges, and to 2016 earnings per share by greater than 60c. Taminco's former Specialty Amines and Crop Protection businesses will be operated as part of the Additives & Functional Products segment and its former Functional Amines business will be operated as part of the Specialty Fluids & Intermediates segment. Taminco stockholders are entitled to receive $26.00 in cash for each share of Taminco common stock. Taminco's common stock has been delisted from trading on the New York Stock Exchange.

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