SK Capital Buying Solutia's Nylon Biz

SK Capital Partners has agreed to buy the nylon business of Solutia Inc. (NYSE: SOA). The deal includes a $50 million up-front cash payment and $4 million in deferred cash payments. Solutia also will receive a 2% equity stake in the newly-independent company. HSBC Securities (USA) advised Solutia on the deal.

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