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HUN — Huntsman News Story

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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

- 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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