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Chemical Week Magazine :: Business & Finance :: United States/Americas
Huntsman Forecasts Earnings Improvement
July 21, 2008 | Robert Westervelt
Huntsman says it expects second-quarter adjusted Ebitda to increase by approximately 10% sequentially compared with first-quarter adjusted Ebitda, despite sharply higher feedstock costs. Huntsman issued the forecast as it fights efforts by Hexion Specialty Chemicals to undo a $10.6-billion agreement that was signed July 2007 to acquire Huntsman. Hexion, owned by private equity firm Apollo Management, has sought to break the deal, charging that the combined company would be insolvent, and that Huntsman’s lower earnings and increased debt since the deal was...
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