Eastman Chemical Co (EMN.N) Key Developments | Reuters.com
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Eastman Chemical Co (EMN.N)

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Latest Key Developments (Source: Significant Developments)

Eastman completes acquisition of Taminco
Friday, 5 Dec 2014 12:00pm EST 

Eastman Chemical Company:Says completion of its acquisition of Taminco Corporation, a global specialty chemical company, for a total of $2.8 bln in cash and assumed debt.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.  Full Article

Eastman Chemical Co increases dividend 14 percent
Thursday, 4 Dec 2014 03:40pm EST 

Eastman Chemical Co:Increases the quarterly cash dividend by 14 percent to $0.40 per share on the company's common stock.Payable Jan. 02, 2015 to stockholders of record as of Dec. 15.  Full Article

Eastman Chemical Co announces offering of notes
Monday, 10 Nov 2014 06:53pm EST 

Eastman Chemical Co:Announces public offering of $800 million 2.70 pct. notes due 2020, $800 million 3.80 pct. notes due 2025 and $400 million 4.65 pct. notes due 2044.Says the additional 2044 Notes will be an issuance of additional notes to the already outstanding $500 million aggregate principal amount of Eastman's 4.65 pct. Notes due 2044, which were issued on May 15, 2014.Says the Additional 2044 Notes will be consolidated as a single series with the Existing 2044 Notes, including for purposes of voting and redemption.Says the offering of Notes is expected to close on Nov. 20, 2014.Says Citigroup Global Markets Inc., J.P. Morgan Securities LLC and Merrill Lynch, Pierce, Fenner & Smith Incorporated are serving as joint book-running managers for the offering.Says eastman intends to use the net proceeds from the offering to pay a portion of the cash consideration for its previously announced acquisition of Taminco Corporation, repay certain outstanding indebtedness of Taminco and pay transaction expenses incurred in connection with the acquisition.  Full Article

Eastman Chemical Co updates FY 2014 EPS guidance - Conference Call
Friday, 31 Oct 2014 08:00am EDT 

Eastman Chemical Co:Says guidance for FY 2014 to be approaching $7 a share.FY 2014 EPS of $6.89 - Thomson Reuters I/B/E/S.  Full Article

Taminco Corp announces definitive agreement to be acquired by Eastman Chemical Company
Thursday, 11 Sep 2014 10:30am EDT 

Taminco Corp:Definitive agreement to be acquired by Eastman Chemical Company (Eastman) for $26.00 per share, for total transaction value of about $2.8 bln in cash.Transaction was approved by Board of Directors of Taminco (Taminco Board) and Board of Directors of Eastman.Transaction is expected to close in fourth quarter of 2014, the receipt of regulatory approvals, satisfaction of other customary closing conditions and assuming that the go-shop process does not result in an alternative superior proposal.In connection with receipt of shareholder approval, Eastman has entered into support agreement with affiliated investment funds of Apollo Global Management, LLC (collectively, Apollo), who own majority of Taminco's common stock.Pursuant to which Apollo has agreed to act by written consent to approve the present offer from Eastman.Kirkland & Ellis LLP acted as legal advisor to Taminco. Morgan Stanley & Co. LLC acted as financial advisor to Taminco and delivered a fairness opinion.Jones Day acted as legal advisor and Citigroup acted as financial advisor to Eastman.  Full Article

Eastman Chemical Co declares dividend
Thursday, 7 Aug 2014 03:25pm EDT 

Eastman Chemical Co:Declares quarterly cash dividend of $0.35 per share on common stock.Dividend is payable Oct. 1, to stockholders of record as of Sept. 15.  Full Article

Eastman Chemical Co reaffirms FY 2014 EPS guidance - Conference Call
Tuesday, 29 Jul 2014 08:00am EDT 

Eastman Chemical Co:Continues to be on track for FY 2014 earnings per share in the range of $6.70 to $7.FY 2014 EPS of $6.92 - Thomson Reuters I/B/E/S.  Full Article

BRIEF-Reg-Eastman says offering of 550 mln 1.50% notes due 2023

* Intends to use net proceeds from to repay or redeem portion of $1.0 billion outstanding principal amount of its 2.4% notes due june 2017