Friday, October 03, 2008

Huntsman emerges victorious in court battle with Hexion

It has been ruled that world´s number one epoxy adhesive maker - Huntsman Corp. can force rival Hexion Specialty Chemicals Inc. to honor a US$6.5 bln buyout agreement.
The judge concluded that Hexioon, a unit of buyout firm Apollo Management LP, does not have sufficient grounds to cancel its offer for Salt Lake City-based Huntsman because of a slump in the chemical markets.

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