Friday, October 10, 2008

Hexion parent contributes US$540 mln to complete takeover of Huntsman

Apollo Management LP, the parent company of Hexion Specialty Chemicals Inc. has contributed US$540 mln in capital to help complete the takeover of Huntsman Corp. Hexion's attempt to cancel the US$6.5 bln Huntsman merger has been recently been thwarted when a Delaware judge ordered it to honor the buyout agreement, failing which Huntsman would seek at least US$3 bln in damages.

For more details on Hexion parent contributes US$540 mln to complete takeover of Huntsman click here

Related Posts by Categories



Read daily plastics industry news at Plastemart.com

0 comments: