Hexion and Huntsman Agree to Extend Merger Deadline

Hexion and Huntsman say they have agreed to allow additional time for the U.S. Federal Trade Commission to review the proposed merger of the two companies. As a result, the merger is not expected to close before May 3, the companies say. Hexion says it has given notice to Huntsman that on April 5, 2008 it will exercise its option to extend the Termination Date for 90 days, and the termination date under the merger agreement will be extended until July 4, 2008. Hexion, which is owned by private equity firm Apollo Management (New York), agreed to buy Huntsman for...

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