Eastman Chemical Co. (NYSE: EMN) has agreed to acquire Solutia Inc. (NYSE: SOA) for $4.7 billion in cash and stock. The deal represents a 42% premium over yesterday’s closing price for Solutia shares. www.solutia.com
Radiate Media (f.k.a. Matchbin) of Bountiful, Utah has acquired Nokia’s media advertising business for an undisclosed amount. www.nokia.com
Industrial Growth Partners has sold O’Brien Corp. to AMETEK Inc. (NYSE: AME) for approximately $175 million. O’Brien Corp. is a St. Louis-based maker of fluid and gas handling solutions used in test, measurement and flow applications in process industries. www.igpequity.com
BNP Paribas is looking to sell up to $11 billion worth of loans to oil and gas companies, according to the FT.