Huntsman shareholders offer capital on merger closing
30 Aug '08
1 min read
Huntsman Corporation announced that it received notice of an independent shareholder initiative to invest at least $500 million 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 $500 million.
As previously stated, Huntsman's shareholders are entitled to their $28 per share and 8% ticking fee.
We are 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.
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