11:34am

Fri January 27, 2012
Solutia

Eastman Chemical buying St. Louis-based Solutia for about $3.38B

Solutia's St. Louis headquarters.
Solutia's St. Louis headquarters.
(Courtesy Solutia)

Specialty chemical company Eastman Chemical Co. is buying Solutia Inc. in a cash-and-stock deal valued at about $3.38 billion to broaden its presence into emerging markets and expand its product offerings.

The companies value the deal, including debt, at about $4.7 billion.

Solutia shareholders will receive $22 in cash and 0.12 shares of Eastman stock for each share of Solutia that they own. Based on Thursday's closing prices, Solutia shareholders will receive cash and stock valued at $27.65 per Solutia share, a 42 percent premium to the company's closing price.

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11:17am

Fri January 27, 2012
Missouri Redistricting

Suit over Mo. House districts filed in trial court

Opponents of new Missouri House districts are taking their legal challenge to a trial court after being turned down by the state Supreme Court.

A lawsuit challenging state House districts was filed Friday in Cole County. Its filing was expected after the state high court on Thursday declined a request to strike down the House map but permitted the case to be filed in a trial court.

The plaintiffs contend the new map violates requirements that districts have similar populations and be contiguous and compact.

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10:25am

Fri January 27, 2012
From Cityscape

Sound Bites: Getting at the Root of American cuisine

Chef Brian Hardesty in the kitchen at Root.
Chef Brian Hardesty in the kitchen at Root.
(Libby Franklin/St. Louis Public Radio)

Root, a new restaurant from executive chef Brian Hardesty, opened in Richmond Heights a week ago today.  In the sixth installment of our series Sound Bites, created in partnership with Sauce Magazine, producer Libby Franklin checks in with Hardesty about his latest project, which seeks to shine a new light on old cuisine.

8:05am

Fri January 27, 2012
Morning Round-up

Morning headlines: Friday, January 27, 2012

Tobacco Free St. Louis wants no businesses to be exempt from St. Louis County smoking ban
Tobacco Free St. Louis wants no businesses to be exempt from St. Louis County smoking ban
(file photo)

Anti-smoking advocates want more smoking bans

Groups against smoking are urging the St. Louis County Council to make changes to the smoking ban that went into effect last year.

Currently, businesses whose food sales result in 25 percent of gross sales including food, alcoholic and non-alcoholic drinks are eligible for an exemption from the smoking ban. There are 145 businesses that currently allow smoking in the county.

Dr. Stuart Slavin is on the board of Tobacco Free St. Louis. He says removing these exemptions is important for the public's health and would create a level playing field for businesses.

Businesses with exemptions argue that banning smoking would hurt them financially and infringe upon smokers' rights.

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7:59am

Fri January 27, 2012
Ill. State of the State

Quinn to call for higher dropout age in Ill.

Reporting from Illinois Public Radio's Amanda Vinicky was used in this story.

Illinois Gov. Pat Quinn will endorse legislation in his State of the State address next week that would raise Illinois' high school dropout age to 18, according to a statement from the Democrat's office.

The proposal would answer a call from fellow Democrat Barack Obama, who in his State of the Union address on Tuesday urged states to keep students in high school long enough for them to get their diploma.

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