TITLE

Hexion Specialty Chemicals, Inc. to acquire Huntsman Corporation for $28.00 per share in cash

PUB. DATE
August 2007
SOURCE
Chemical Business;Aug2007, Vol. 21 Issue 8, p90
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the acquisition of Huntsman Corp. by Hexion Specialty Chemicals, Inc. A cash of $28.00 will be given to Hunstman stockholders for each outstanding Hunstman share of common stock. The agreement has been unanimously approved by the Huntsman Board of Directors. According to Craig O. Morrison, chairman and cEO of Hexion, the united company will be one of the world's biggest chemical companies.
ACCESSION #
26482036

 

Related Articles

  • Hexion Specialty Chemicals Inc. and Huntsman Corporation agree to FTC request to extend review time for proposed merger.  // Paintindia;Feb2008, Vol. 58 Issue 2, p193 

    The article reports on the agreement of Hexion Specialty Chemicals and Huntsman Corp. to allow additional time for the U.S. Federal Trade Commission (FTC) to review the proposed merger of the two companies. Hence, the consolidation is not expected to close before May 3, 2008. A statement was...

  • Hexion's bid raises antitrust concerns. Craymer, Lucy // ICIS Chemical Business Americas;7/9/2007, Vol. 272 Issue 2, p23 

    The article discusses antitrust issues surrounding chemical firm Hexion's attempt to buy industrial company Huntsman. Both are major competitors in the global market for epoxies. Consultant Ian Butcher notes that although the proposed buyout presents opportunities for synergies, it is unclear...

  • Hexion outduels Basell for Huntsman.  // High Performance Composites;Sep2007, Vol. 15 Issue 5, p31 

    The article reports on the victory of Hexion Specialty Chemicals Corp. over Basell AF in the bidding war for the chemicals company Huntsman Corp. Hexion offered to pay $26.25 per share to acquire Huntsman, which was subsequently increased to $28.00. Huntsman has ended its original merger deal...

  • Big Changes at Huntsman; No Changes for Customers.  // AATCC Review;Aug2007, Vol. 7 Issue 8, p34 

    The article reports that the 2007 sale of the Huntsman Corporation, an American manufacturer of chemicals, to the polypropylene maker Basell, was derailed at the last minute. Details of the deal that would allow Basell to acquire Huntsman are explained, as is the counter-bid for the company on...

  • Hexion Specialty Chemicals to Acquire Huntsman.  // Finishing Today;Aug2007, Vol. 83 Issue 8, p9 

    The article focuses on the acquisition of Huntsman Corp. by Hexion Specialty Chemicals Inc. based in Columbus, Ohio. This all-cash transaction is valued at $10.6 billion, including the assumption of debt. It is subject to regulatory approvals and the affirmative vote of Huntman's shareholders....

  • Hexion extends Huntsmn deadline.  // Colourage;May2008, Vol. 55 Issue 5, p132 

    The article reports on the confirmation of Hexion Specialty Chemicals Inc. to proceed with the acquisition on Huntsman Corp. in India. Huntsman announced that Hexion sent a notice to its management revealing Hexion's intention to extend the merger agreement. The merger agreement includes the...

  • Big-Bang Chemical M&A Ends. Westervelt, Robert // Chemical Week;6/23/2008, Vol. 170 Issue 19, p3 

    The author analyzes the slow down of large-scale mergers and acquisition activities in the chemical industry. The apparent collapse of Hexion Specialty Chemicals' $10.6-billion bid to acquire Huntsman signals the end of the activities, at least for now, the author speculates. The number of deals...

  • Hexion Sues Huntsman in Bid to Halt Acquisition. Westervelt, Robert // Chemical Week;6/23/2008, Vol. 170 Issue 19, p6 

    The article reports that Hexion Specialty Chemicals sued Huntsman Corp. seeking to end its agreement to purchase the company for $10.6 billion. The capital structure of the deal is no longer viable because of Huntsman's increased net debt and its lower than expected earnings, according to...

  • Hexion Widens Loss; Says Huntsman Merger 'Not Likely.'. Seewald, Nancy // Chemical Week;8/11/2008, Vol. 170 Issue 25, p6 

    The article reports on the net loss posted by Hexion Specialty Chemicals for the second quarter of 2008. It includes a $167-million write off of previously deferred costs associated with its proposed Huntsman acquisition. Hexion and Huntsman are due to face off in court regarding Hexion's...

Share

Read the Article

Courtesy of VIRGINIA BEACH PUBLIC LIBRARY AND SYSTEM

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics