KINGSPORT, Tenn., April 23, 2010 – Eastman Chemical Company (NYSE:EMN) today announced it will review strategic options, including a possible divestiture, for its PET business in the Performance Polymers segment. The company has retained Bank of America Merrill Lynch as its exclusive financial advisor for the strategic review.
Forward Looking Statements: This news release includes forward-looking statements concerning strategic review of and options for Eastman’s PET business in its Performance Polymers segment. Such statements, including the possible divestiture of the business, are based upon certain preliminary information, internal estimates, and management assumptions, expectations, and plans, and are subject to a number of risks and uncertainties inherent in projecting future conditions, events, and results. Actual events and results could differ materially from the forward-looking statements if one or more of the underlying assumptions or expectations prove to be inaccurate or are unrealized. Important factors that could cause actual results to differ materially from such expectations are and will be detailed in the company's filings with the Securities and Exchange Commission, including the Form 10-K filed for 2009 and available on the Eastman web site at www.eastman.com in the Investors, SEC filings section.