TITLE

Hexion Sues Lenders After They Balk at Funding Huntsman Deal

AUTHOR(S)
Westervelt, Robert
PUB. DATE
November 2008
SOURCE
Chemical Week;11/3/2008, Vol. 170 Issue 34, p12
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the filing of a case by Hexion Specialty Chemicals against Credit Suisse and Deutsche Bank after the banks refused to fund Hexion's proposed $10.6-billion acquisition of Huntsman at the planned deal closing on October 29, 2008. Hexion filed the suit in New York State Supreme Court, alleging that the banks breached obligations to fund the deal and is seeking to compel the banks to uphold the financing agreement.
ACCESSION #
35370546

 

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