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People & Business :: M&A

June 23, 2008

Hexion Sues Huntsman in Bid to Halt Acquisition

Robert Westervelt

Hexion Specialty Chemicals sued Huntsman Corp. last week 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...

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