Huntsman stockholders approve merger with Hexion

At a special meeting of Huntsman Corporation, the company's stockholders unanimously voted to approve the merger agreement with Hexion Specialty Chemicals, Inc. (Hexion). Under the terms of the merger agreement, Hexion will acquire all of the outstanding common stock of Huntsman for US$28.00 per share in cash. The agreement also provides that the cash price per share to be paid by Hexion will increase at the rate of 8% pa (inclusive of any dividends paid) beginning April 6, 2008, if the merger has not occurred prior to such date. The transaction remains subject to customary closing conditions, including regulatory approval in the U.S. and Europe.
  More News  Post Your Comment
{{comment.Name}} made a post.




There are no comments to display. Be the first one to comment!


Name Required.


Email Id Required.

Email Id Not Valid.


Mobile Required.

Email ID and Mobile Number are kept private and will not be shown publicly.

Message Required.

Click to Change image  Refresh Captcha