Home / Knowledge / News / Textiles / Hexion Specialty extends Huntsman buyout offer
Hexion Specialty extends Huntsman buyout offer
10
Apr '08
Huntsman Corporation announced that Hexion Specialty Chemicals Inc. (”Hexion”) has exercised its right to extend the Termination Date under the Merger Agreement by ninety days, from April 5th to July 4th, 2008.

Huntsman had previously announced on January 26, 2008, that it had received notice of Hexion's intention to extend the Merger Agreement, in connection with the parties' agreement with the Federal Trade Commission (“FTC”) to allow the FTC additional time to review the proposed merger.

Huntsman and Hexion continue to work with the FTC and regulatory agencies in other jurisdictions, including the European Union, to obtain the required approvals.

Under the terms of the Merger Agreement the $28.00 per common share cash price to be paid by Hexion upon completion of the merger will be increased at the rate of 8% per annum beginning on April 5, 2008 (less any dividends declared or paid on or after April 5th).

Hexion Specialty Chemicals Inc


Must ReadView All

VF Corporation to split into two independent companies

Apparel/Garments | On 14th Aug 2018

VF Corporation to split into two independent companies

VF Corporation, a global leader in branded lifestyle apparel,...

Courtesy: Good On You

Apparel/Garments | On 14th Aug 2018

Good On You in Oz adds 500 European brands to rating app

Australia-based Good On You’s brand-rating app has recently added 500 ...

Courtesy: USDA/FAS

Textiles | On 14th Aug 2018

US cotton exports in 2017-18 highest in over a decade

Cotton exports from the US in 2017-18 reached their highest level...

Interviews View All

Stefan Warnaar
Peak to Plateau

People are willing to pay for quality and performance

Shiladitya K Joshi
Truetzschler India Private Limited

India ITME provides a platform to interact with our stakeholders

Dinaz Madhukar
DLF Emporio and DLF Promenade

‘Each event and promotion is planned out keeping in mind the business of...

Deepprakash Agrawal

Radhey Weaves is a Surat-based manufacturer of brocade fabrics. MD...

Liz Manning

<div><b>Liz Manning</b>, Business Development Manager at Catexel, has...

Ravi Raj Desai

Himalaya Cotton Yarn Ltd manufactures high quality denier. The spinning...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Georg Reinhold
Trützschler Nonwovens & Man-Made Fibers

Trützschler Nonwovens & Man-Made Fibers, a part of the Trützschler Group,...

Kazuaki Yazawa
Purdue University

Scientist <b>Kazuaki Yazawa</b> has developed thermoelectric semiconductor ...

Adriano Goldschmied
AG Jeans

The hype around 'designer jeans' was created by him. And the new wave of...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Hemant & Nandita
Hemant & Nandita

The designer duo of Hemant &amp; Nandita are known for being inspired by...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


August 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Advanced Search