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Why Olin Rose 10% in September

TheMotleyFool

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Shares of Olin (NYSE: OLN) rose 10% in September, according to data from S&P Global Market Intelligence, mostly after announcing in the middle of the month that it would be partially redeeming $600 million worth of senior notes it had outstanding that were issued back in 2015 when it acquired Dow's (NYSE: DOW) chlorine products business.

The $5 billion acquisition made Olin the world's largest chlor-alkali producer, a group of key industrial chemicals such as industrial bleach and caustic soda that are made through the production of chlorine.

Image source: Getty Images.

Source Fool.com

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