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Eastman Chemical to acquire Taminco Corp for $1.8 billion


    (Reuters) - Eastman Chemical Co said it will acquire specialty chemical company Taminco Corp for $2.8 billion, including $1 billion in debt.

    Eastman Chemical's offer of $26 per share represents a 8.9 percent premium to Taminco's Wednesday close.

    The acquisition will be funded with available cash and debt financing, Eastman Chemical said in a statement.

    (Reporting By Kanika Sikka in Bangalore; Editing by Savio D'Souza)