Huntsman Corporation announced today that it has received a proposal to acquire all of the outstanding common stock of Huntsman for 27.25 USD per share in cash from Hexion Specialty Chemicals, Inc., an entity owned by an affiliate of Apollo Management, L.P.
The Center for the Polyurethanes Industry (CPI) of the American Chemistry Council, formerly Alliance for the Polyurethanes Industry, has issued a call for entries for the 2007 Polyurethane “Innovation Award” nominations and has also changed this year’s award program’s three categories – Polyurethane Chemicals, Processing Equipment and Finished Products.
Basell and Huntsman Corporation have announced today that they have signed a definitive agreement pursuant to which Basell will acquire Huntsman in a transaction valued at approximately USD 9.6 billion, including the assumption of debt.
Huntsman Corporation and Basic Chemical Industries Limited (BCI) have announced they have signed an agreement to transfer majority ownership in the two companies existing Arabian Polyol Company (APC) joint venture in Saudi Arabia from BCI to Huntsman. Financial arrangements were not disclosed.