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Fly News Breaks for March 30, 2015
DOW, OLN
Mar 30, 2015 | 07:43 EDT
After Olin (OLN) announced that it had reached an agreement to acquire Dow Chemical's (DOW) chlor-alkali assets and downstream derivatives businesses for $5B, SunTrust says that the deal will create the global chlor-alkali industry leader, almost triple Olin's earnings base, and diversify the company’s product offerings. The firm increased its price target on Olin to $37 from $29 and keeps a Buy rating on the shares.
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