European Commission Approves Huntsman-Hexion Merger

Huntsman says that the European Commission has approved the company's proposed merger with Hexion Specialty Chemicals, which is owned by private equity firm Apollo Management. The approval is contingent on several conditions including the divestment of Hexion's global specialty epoxy resins business. “We believe this step ratifies our view that regulatory approval for our transaction can move forward and repeat our request that Hexion promptly move to fully comply with the European Commission’s conditions for approval and take any and all other...

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