Tuesday, January 06, 2009

Huntsman Corp receives final US$425 mln in payments from affiliates of Apollo

Huntsman Corp has received the final US$425 mln in payments from affiliates of Apollo Management, L.P. The payments were made pursuant to Huntsman's agreement with Hexion Specialty Chemicals, Inc., Appollo and certain of its affiliates to settle Huntsman's claims against Hexion, Apollo and its affiliates arising in connection with Huntsman's now terminated Merger Agreement with Hexion.

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