NEW YORK--()--The Valence Group, a specialist investment bank offering M&A advisory services to the chemicals, materials and related sectors, has acted as independent advisor to the Board of Directors of Solutia (NYSE:SOA) in relation to the acquisition of Solutia by Eastman Chemical Company (NYSE:EMN), as announced on January 27, 2012.
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.
About The Valence Group
The Valence Group is a specialist investment bank offering M&A advisory services exclusively to companies and investors in the chemicals, materials and related sectors. The Valence Group team includes a unique combination of professionals with backgrounds in investment banking, strategic consulting and senior management within the chemicals and materials industries, all focused exclusively on providing M&A advisory services to the chemicals and materials sector. The senior members of The Valence Group have collectively more than 350 years of experience, more than 200 closed transactions valued cumulatively at over $80 billion and spanning more than 100 different chemicals/materials subsectors. The firm's offices are located in New York, London, and Shanghai.