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Hexion Posts Loss; Huntsman Deal 'Not Likely to Be Consummated'

12:39 PM MDT | August 14, 2008 | Nancy Seewald

Hexion and Huntsman are due to face off in court on September 8 regarding Hexion’s efforts to undo its $10.6-billion agreement to acquire Huntsman. Hexion said in SEC filings today that it would likely be rendered insolvent if it loses to Huntsman, and is forced to close the deal....

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