Brief: Olin And Huntsman Announce Transformative Merger Of Equals To Create A $12+ Billion Integrated North American Chemicals Leader
BRIEF-Olin And Huntsman Announce Transformative Merger Of Equals To Create A $12+ Billion Integrated North American Chemicals Leader June 16 (Reuters) - Huntsman Corp HUN.N:
OLIN AND HUNTSMAN ANNOUNCE TRANSFORMATIVE MERGER OF EQUALS TO CREATE A $12+ BILLION INTEGRATED NORTH AMERICAN CHEMICALS LEADER
OLIN - SHAREHOLDERS TO OWN 54.5%, HUNTSMAN SHAREHOLDERS 45.5% OF COMBINED COMPANY
OLIN - APPOINTS KEN LANE AS CEO AND PETER HUNTSMAN AS NON-EXECUTIVE CHAIRMAN
OLIN - HUNTSMAN SHAREHOLDERS TO RECEIVE 0.5476 SHARES OF OLIN FOR EACH HUNTSMAN SHARE
OLIN - IDENTIFIES OVER $400 MILLION IN COST SYNERGIES AND INTEGRATION BENEFITS
OLIN - APPOINTS PHIL LISTER AS CFO OF COMBINED COMPANY
OLIN CORP: DEAL IS EXPECTED TO IMPROVE EARNINGS AND CASH FLOW GENERATION THROUGH CYCLE
OLIN: IN ADDITION TO $400M+ SYNERGIES, OLINHUNTSMAN EXPECTS TO REALIZE $125 MILLION OF CASH TAX BENEFITS THROUGH ACCELERATION OF NET OPERATING LOSSES
Source text: ID:nPn24Nr21a
Further company coverage: HUN.N
((Reuters.Briefs@thomsonreuters.com;))
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