Huntsman Corporation announced that it received notice of an independent shareholder initiative to invest at least US$500 mln in Hexion on the closing of the merger between Hexion and Huntsman Corporation. The Huntsman family has indicated its expectation to join the shareholder initiative by providing a portion of the US$500 mln.
As previously stated, Huntsman's shareholders are entitled to their US$28 per share and 8% ticking fee. Hunstman Corporation is gratified by the confidence in the merged company expressed in this shareholder initiative. However, Huntsman management firmly believes that the combination of Hexion and Huntsman Corporation will be solvent.
Huntsman is a global manufacturer and marketer of differentiated chemicals. Its operating companies manufacture products for a variety of global industries, including chemicals, plastics, automotive, aviation, textiles, footwear, paints and coatings, construction, technology, agriculture, health care, detergent, personal care, furniture, appliances and packaging. Originally known for pioneering innovations in packaging and, later, for rapid and integrated growth in petrochemicals, Huntsman today has 13,000 employees and operates from multiple locations worldwide.
Company Media Release
30-Aug-08 
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