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Huntsman Corp (HUN.N)

HUN.N on New York Stock Exchange

25.74USD
23 Jun 2017
Change (% chg)

$0.81 (+3.25%)
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Latest Key Developments (Source: Significant Developments)

Huntsman enters into 17th amendment to credit agreemen with JPMorgan Chase Bank
Monday, 19 Jun 2017 05:36pm EDT 

June 19 (Reuters) - Huntsman Corp -:Huntsman Corp says on June 15, co's unit entered into seventeenth amendment to credit agreemen with Jpmorgan Chase Bank, N.A - sec filing.Huntsman Corp- amendment provides for permission to enter into certain transactions in connection with anticipated ipo of Venator Materials Plc.Huntsman Corp - amendment also provides for permission to consummate previously announced merger of co with unit of clariant ltd.Huntsman- in connection with venator ipo, amendment requires mandatory repayment of $450 million of existing term loan indebtedness within 30 days of ipo.Huntsman- in connection with venator ipo, amendment allows for incurrence of certain indebtedness of venator be held in escrow pending ipo effectiveness.Huntsman-In connection with venator ipo, amendment permits internal restructuring of pigments,additives assets,venator assets in u.s. To non-guarantor restricted unit.Huntsman-In connection with venator ipo, amendment upon occurrence of ipo, provides for designation of venator, its units as unrestricted subsidiaries.  Full Article

Huntsman CEO does not rule out further large deals - CNBC
Monday, 22 May 2017 07:50am EDT 

May 22 (Reuters) - Huntsman :CEO on CNBC says "never say never" when asked about any future M&A transaction similar in size of the Clariant-Huntsman merger.Ceo says expects to hit half of 400 million cost saving target after 12 months.  Full Article

Clariant CEO says had no talks with others during talks with Huntsman
Monday, 22 May 2017 02:04am EDT 

May 22 (Reuters) - Clariant Ag :CEO Hariolf Kottman said plastics and coatings unit to be integral part of merged company.Says had no talks with other companies during discussions with Huntsman.  Full Article

Huntsman and Clariant to combine in merger of equals
Monday, 22 May 2017 01:00am EDT 

May 22 (Reuters) - Clariant Ag ::Huntsman and Clariant to combine in merger of equals.Merger of equals to create a global specialty chemical company with approximately $20 billion enterprise value at announcement.Transaction targeted to close by year end 2017.All-Stock merger of equals transaction, Clariant shareholders: 52%, Huntsman shareholders: 48%.Merged company will be named HuntsmanClariant.Says previously announced IPO of Huntsman's pigments and additives business (Venator) to continue as planned in summer 2017.Combined company expects to realize more than $3.5 billion of value creation from approximately $400 million in annual cost synergies.Says targeted synergies represent roughly 3 percent of total combined 2016 revenue with one-time costs up to $500 million.Combined co, incorporated in switzerland, to be governed by a board of directors with equal representation from clariant and huntsman.Hariolf Kottmann, current Clariant CEO, shall become chairman of board of HuntsmanClariant.Peter Huntsman, current Huntsman president and CEO, will become CEO of HuntsmanClariant.Jon Huntsman, founder and chairman of Huntsman, shall become chairman emeritus and board member of HuntsmanClariant.Citi & UBS AG serving as Clariant's financial advisors for deal, Homburger and Cleary Gottlieb Steen and Hamilton serving as legal advisors.HuntsmanClariant will be listed on Six Swiss Exchange and New York Stock Exchange.  Full Article

Venator Materials files for IPO of up to $100 million
Friday, 5 May 2017 05:46pm EDT 

May 5 (Reuters) - Venator Materials Plc::Venator Materials Plc files for IPO of up to $100 million - sec filing.Venator Materials Plc - expects that its ordinary shares will trade on the New York Stock Exchange under the symbol "VNTR".Venator Materials Plc - Huntsman International (Netherlands) B.V., a unit of Huntsman Corp is selling the co's ordinary shares in the IPO.Venator Materials Plc - IPO price estimated solely for the purpose of calculating the registration fee.Venator Materials says it is not selling any ordinary shares, and will not receive any proceeds from sale of ordinary shares offered by selling shareholder.  Full Article

Huntsman acquires leading UK independent polyurethane formulations company, IFS
Monday, 1 May 2017 07:30am EDT 

May 1 (Reuters) - Huntsman Corp : :Huntsman acquires leading UK independent polyurethane formulations company, IFS.Huntsman Corp - purchase price was not disclosed..  Full Article

Huntsman Corp Q1 adjusted EPS $0.57
Wednesday, 26 Apr 2017 06:00am EDT 

April 26 (Reuters) - Huntsman Corp :Q1 earnings per share $0.31.Huntsman announces first quarter 2017 results; raises 2017 free cash flow target to over $450 million.Q1 revenue $2.469 billion versus i/b/e/s view $2.41 billion.Q1 adjusted earnings per share $0.57.Qtrly adjusted earnings per share $ 0.57.Q1 earnings per share view $0.37 -- Thomson Reuters I/B/E/S.Huntsman corp - we now expect to generate more than $450 million of free cash flow in 2017.Huntsman corp says are committed to an ipo or spin of our pigments business in summer of 2017.Huntsman corp - we expect to spend approximately $380 million on capital expenditures in 2017 net of capital reimbursements..  Full Article

Huntsman identifies improving business conditions in Q1 2017 provides restart time-line for Pori, Finland pigment facility
Monday, 27 Mar 2017 05:36pm EDT 

Huntsman Corp : Huntsman identifies improving business conditions in first quarter 2017; provides restart time-line for Pori, Finland pigment facility . Huntsman Corp - expect Q1 2017 adjusted EBITDA to exceed $274 million of adjusted EBITDA during same quarter in 2016 . Huntsman Corp says have been able to mitigate a portion of impact from outage at Pori, Finland facility through sales of undamaged inventory . Huntsman Corp says now expect Q1 EBITDA impact to be less than previously anticipated . Huntsman Corp - we now expect Q1 EBITDA impact to be less than previously anticipated . Huntsman Corp - currently able to produce a small amount of product at titanium dioxide facility, expect to be fully operational around year end 2018 . Huntsman Corp - there were no injuries from fire at titanium dioxide facility in Pori, Finland . Huntsman Corp - "remain focused on delivering more than $350 million of free cash flow in 2017" .Huntsman Corp - expect to restart about 100 pct capacity around year end 2018 for titanium dioxide facility in Pori, Finland.  Full Article

Huntsman Executive Chairman Jon Huntsman's FY 2016 total compensation was $7.5 mln
Wednesday, 22 Mar 2017 05:05pm EDT 

Huntsman Corp : Executive Chairman Jon Huntsman's fy 2016 total compensation $7.5 million versus $6.2 million in fy 2015 - sec filing .Huntsman Corp- CEO Peter R. Huntsman's 2016 total compensation $14.5 million versus $11.5 million in 2015 - sec filing.  Full Article

Huntsman announces intention to close remaining operations at its titanium dioxide facility in France
Friday, 17 Mar 2017 06:15am EDT 

Huntsman Corp : Huntsman announces intention to close remaining operations at its titanium dioxide facility in calais, france . Huntsman corp- 108 positions on site will be affected. . Huntsman corp says 108 positions on site will be affected . Huntsman corp - plan to close white end finishing and packaging operation of its titanium dioxide manufacturing facility based in calais, france, during q3 2017 . Huntsman corp - plan to close calais white end is structured to allow completion of any remaining obligations to any third parties and regulators .Huntsman corp - closure of calais facility will increase recently announced business improvement program by $15 million to total annual benefit of $90 million.  Full Article

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BRIEF-Huntsman enters into 17th amendment to credit agreemen with JPMorgan Chase Bank

* Huntsman Corp says on June 15, co's unit entered into seventeenth amendment to credit agreemen with Jpmorgan Chase Bank, N.A - sec filing