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Non-Tech : Olin - My favorite Company

OLN 20.81

-6.8%

Jan 30 9:30 AM EST

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To: richardred who wrote (78)	7/16/2007 9:58:59 AM
From: richardred	Read Replies (1) of 170

Olin: Pioneer Waiting Period Expires Monday July 16, 6:38 am ET Antitrust Waiting Period for Olin's Acquisition of Pioneer Expires CLAYTON, Mo. (AP) -- Chemical maker Olin Corp. said Monday the antitrust waiting period for its $413 million acquisition of rival Pioneer Cos. has expired. Olin agreed in May to purchase Pioneer for $35 per share. Pioneer currently has 11.8 million shares outstanding, according to Thomson Financial. The expiration of the antitrust waiting period satisfies a condition of the acquisition agreement. The transaction is still subject to conditions including approval by Pioneer's shareholders. The deal is expected to close in the second half of the year. Questions or comments about this story should be directed to the Financial News desk of The Associated Press at 212-621-7190. biz.yahoo.com

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