Hexion Rejects Huntsman Shareholder Plan to Salvage Buyout

Hexion Specialty Chemical has rejected a Huntsman shareholder plan to salvage Hexion’s proposed acquisition of Huntsman. Hedge funds Citadel Investment Group, D.E. Shaw & Co., MatlinPatterson Global Advisers, and Pentwater Growth Fund, all shareholders in Huntsman, recently proposed a $500 million in financing to encourage Hexion to go through with the acquisition. However, Hexion says it has no interest in a revised buyout terms. “We are not seeking to renegotiate this transaction. We are seeking to terminate it and obtain judicial confirmation...

This information is only available to Chemical Week subscribers.

Forgot your user ID or password?
Click here to have it sent to you.

Email Address First Name Last Name

Not an IHS Chemical Week 24/7 member yet? Here's why you should be: Searchable online archive access of the last 2 years of Chemical Week. Print or digital magazine subscription Price and market change alerts Economic data and statistics Buyers' Guides Webcasts | whitepapers