IHS Chemical Week

Regions :: North America

Hexion Sues Huntsman in Bid to Halt Acquisition

4:28 PM MDT | June 23, 2008 | 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 expected earnings,” says Hexion, which is owned by Apollo Management (New York). Huntsman shares fell nearly 40% after the suit was announced, closing at $12.86/share on June 19, well below Hexion’s offer price of $28/share. Huntsman: Deal should be completed. Morrison: Transaction ‘no longer...

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