Friday, December 26, 2008

Huntsman Corp receives US$325 mln termination fee from Hexion Specialty Chemicals

Huntsman Corp has received US$325 mln termination fee provided for in the Merger Agreement between Huntsman and Hexion Specialty Chemicals, Inc. Hexion committed to pay the termination fee in connectiion with the previously announced US$1 bln settlement between Huntsman and Hexion, Apollo Management, and certain of its affiliates.

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