Basell to acquire Huntsman for $25.25 per share

Citation

(2007), "Basell to acquire Huntsman for $25.25 per share", Pigment & Resin Technology, Vol. 36 No. 6. https://doi.org/10.1108/prt.2007.12936fab.024

Basell to acquire Huntsman for $25.25 per share

Basell to acquire Huntsman for $25.25 per share Basell, the global leader in polyolefins' technology and production, and Huntsman Corporation, one of the world's largest manufacturers of differentiated chemicals and pigments, announced that they have signed a definitive agreement pursuant to which Basell will acquire Huntsman in a transaction valued at approximately $9.6 billion, including the assumption of debt. Under the terms of the agreement, Basell will acquire all of the outstanding common stock of Huntsman for $25.25 per share in cash. The combined company will have an extensive geographic footprint, with operations on all continents of the world, and will be well positioned in fast-growing markets such as China, India, Eastern Europe and Latin America.