TITLE

Huntsman, Hexion in Talks to Lower Merger Price?

AUTHOR(S)
Coons, Rebecca
PUB. DATE
November 2008
SOURCE
Chemical Week;11/17/2008, Vol. 170 Issue 35, p16
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article focuses on reports that Huntsman and Hexion Specialty Chemicals are in talks to renegotiate the price of their embattled planned merger. One source say that Huntsman is unwilling to accept an offer below $25.25/ share. That is the same price that Basell offered for Huntsman in 2007, which Huntsman rejected in favor of Hexion's subsequent $28/ share bid. In another report, Huntsman says it has begun the discovery phase of its lawsuit against Hexion lenders Deutsche Bank and Credit Suisse for refusing to fund the acquisition.
ACCESSION #
35523022

 

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