IHS Chemical Week

People & Business :: M&A

Apollo Wins Bid for Huntsman

2:41 PM MDT | July 18, 2007 |

Nancy Seewald

Apollo Management (New York), through its Hexion Specialty Chemical’s unit, says it has signed a definitive agreement to acquire Huntsman for about $10.6 billion ($28/share), including $4 billion in debt. Apollo’s offer tops its initial July 4 bid of $27.25/share, which followed Basell’s June 29 offer to acquire Huntsman for $25.25/share ($9.6 billion) (CW, July 4/11, p. 10). Huntsman says it terminated its agreement with Basell last week, and paid Basell a break-up fee of $200 million, half of which was funded by Hexion. It was unclear at CW...

This information is only available to Chemical Week subscribers.


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

Not an IHS Chemical Week subscriber yet?

Here's why you should be:

  • 31 issues of Chemical Week magazine a year in print or digital format
  • Real time news and analysis on chemweek.com 
  • 20+ years of online archives
  • Topical e-newsletters that capture the most impactful events
  • Special issues with a regional or company focus
  • Global Outlook issue

Subscribe now


contact us | about us | privacy policy | sitemap

ihsCopyright © IHS, Inc.All rights reserved.Reproduction in whole or in part without permission is prohibited.

North Asia Russia Southeast Asia China India/Pakistan Middle East Eastern Europe Western Europe Central America Canada USA Australia/New Zealand South America Africa