IHS Chemical Week

Chemical Week Magazine :: Top of the Week

Hexion Sues Huntsman in Bid to Halt Acquisition

2:10 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.

Username:
Password:

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

Risk Free Trial

Email Address

First Name

Last Name

Click here to register and get your RISK-FREE access to chemweek.com

Not an IHS Chemical Week
24/7 member yet?

Here's why you should be:

  • Searchable online archive access of the last 2 years of Chemical Week.
  • Print or digital magazine subscription
  • Price and market change alerts
  • Economic data and statistics
  • Buyers' Guides
  • Webcasts | whitepapers

 

 

 













 
contact us | about us | customer care | privacy policy | sitemap | advertise

ihsCopyright © 2012 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