Solutia Mails Proxy Statement for Special Meeting of Stockholders to Vote on Proposed Eastman Transaction
Solutia Inc. ("Solutia") (NYSE: SOA) announced today that it has set the meeting date and mailed the proxy statement for the special meeting of its stockholders at which they will be asked to approve the previously announced acquisition of Solutia by Eastman Chemical Company ("Eastman").
The special meeting will be held on June 29, 2012 at 10:00 a.m., New York local time, at the offices of Kirkland & Ellis LLP, 601 Lexington Avenue, New York, New York. Solutia stockholders of record as of the close of business on May 4, 2012 will be permitted to vote at the special meeting and any adjournment or postponement thereof. Assuming receipt of stockholder approval of the merger transaction at the special meeting, Solutia and Eastman expect that the transaction will close in the first week of July 2012.
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