Bull & Lifshitz, LLP Announces Investigation of Solutia Inc.

NEW YORK, Feb. 2, 2012 /PRNewswire/ -- Bull & Lifshitz, LLP announces an investigation into possible breaches of fiduciary duty in connection with the proposed sale of Solutia Inc. (NYSE: SOA) (referred to as "Solutia" or the "Company") to Eastman Chemical Company ("Eastman"), in a cash and stock transaction valued at approximately $4.7 billion, including the assumption of Solutia's debt.

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Under the terms of the agreement, Solutia stockholders will receive $22.00 in cash and 0.12 shares of Eastman common stock for each share of Solutia common stock.

Bull & Lifshitz, LLP's investigation is focused on whether the proposed deal provides adequate value to the Company's shareholders.

If you are a holder of Solutia common stock and want to discuss your legal rights, you may e-mail or call Bull & Lifshitz, LLP who will, without obligation or cost to you, attempt to answer your questions.  

If you are a shareholder of Solutia and would like more information about our investigation, please contact Peter D. Bull, Esq. by telephone at (866) 313-6222 or by sending an e-mail including your contact information to: [email protected].  All e-mail correspondence should make reference to Solutia.

Bull & Lifshitz, LLP is a New York City-based law firm with significant experience representing investors in merger-related shareholder class actions, shareholder derivative actions, and securities fraud class actions.  For more information about the firm, please visit our website at www.nyclasslaw.com.

ATTORNEY ADVERTISING. © 2012 Bull & Lifshitz, LLP.  The law firm responsible for this advertisement is Bull & Lifshitz, LLP, 18 East 41st Street, New York, New York 10017, (212) 213-6222.  Prior results do not guarantee or predict a similar outcome with respect to any future matter.

Contact:

Peter D. Bull, Esq.
Bull & Lifshitz, LLP
Phone: 212-213-6222
Fax: 212-213-9405
Email: [email protected]

SOURCE Bull & Lifshitz, LLP

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