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Court to expedite trial in Huntsman vs Hexion case
11 Jul '08
4 min read
The alleged changes of which Hexion complains are risks they explicitly agreed to accept in the merger agreement and in no way amount to a material adverse effect as defined in the merger agreement. We are confident that the Delaware Court will support this view.
Peter Huntsman, President and CEO, stated, “We are grateful that the Court has agreed to hear our case in an expedited fashion.
We look forward to a swift repudiation of Hexion's misguided allegations and apparently disingenuous rhetoric about their intentions to comply with our merger agreement, all the while continuing to breach the same.”
Jon M. Huntsman, Founder and Chairman of Huntsman Corporation, added, “They may view their tactics as business as usual, but we have great faith that our legal system will fully reveal their careless disregard for contracts and hold them accountable, especially in light of their assurance to our board and our family that we have an 'ironclad' agreement.”
Peter Huntsman, President and CEO, stated, “We are grateful that the Court has agreed to hear our case in an expedited fashion.
We look forward to a swift repudiation of Hexion's misguided allegations and apparently disingenuous rhetoric about their intentions to comply with our merger agreement, all the while continuing to breach the same.”
Jon M. Huntsman, Founder and Chairman of Huntsman Corporation, added, “They may view their tactics as business as usual, but we have great faith that our legal system will fully reveal their careless disregard for contracts and hold them accountable, especially in light of their assurance to our board and our family that we have an 'ironclad' agreement.”
Huntsman Corporation
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