Thursday, July 12, 2007

Hexion increases bid for Huntsman by additional 75 cents

Hexion Specialty Chemicals, owned by private equity firm Apollo Management, has increased its bid for Huntsman Corporation by adding 75 cents per share, hiking its offer from US$27.25 per share to US$28.00. Earlier last week, Hexion overtook the US$25.25 per-share bid made by polyolefins major Basell.

For more details please click on the following link
http://plastemart.com/plasticnews_desc.asp?news_id=10514&P=P

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