Key Developments: Huntsman Corp (HUN)
19.20USD
23 May 2013
$-0.11 (-0.57%)
$19.31
$19.05
$19.34
$18.76
3,114,871
4,206,264
$20.14
$10.98
Latest Key Developments (Source: Significant Developments)
Huntsman Corp Announces Second Quarter 2013 Common Dividend
Huntsman Corp announced that Board Of Directors has declared a $0.125 per share cash dividend on its common stock. The dividend is payable on June 28, 2013 , to stockholders of record as of June 14, 2013 . Full Article
Huntsman Corp to Acquire New Shares of Hinokiya Holdings Co Ltd's Subsidiary
Hinokiya Holdings Co Ltd announced that its Kanagawa-based subsidiary, NIPPON AQUA.Co.,LTD, which engages in the engineering work and sale of heat foamed insulating materials, will issue 10,000 new shares of its common stock for JPY 700 million in total to a United States-based company, Huntsman Corporation, through a private placement, during the period from March 14, 2013 to March 27, 2013. As a result, Hinokiya Holdings will hold a 70.0% stake, down from 87.5%, and Huntsman Corporation will hold a 20.0% stake in NIPPON AQUA. Full Article
Huntsman Corp Prices $250 Million Private Offering of Additional 4.875% Senior Notes due 2020
Huntsman Corp announced that it has priced a $250 million in aggregate principal amount offering of additional 4.875% senior notes due 2020 (the "Notes") through its wholly owned subsidiary, Huntsman International LLC (the "Issuer"). The Notes are being offered as additional notes under the indenture, dated as of November 19, 2012, among the Issuer, the guarantors party thereto and Wells Fargo Bank, National Association, as trustee, pursuant to which the Issuer issued $400 million in aggregate principal amount of its 4.875% Senior Notes due 2020 on November 19, 2012 (the "Prior Notes"). The Notes will be treated as a single series with, and will have the same terms as, the Prior Notes. The Notes will be issued at a price of 98.5% and carry an interest rate of 4.875% and will mature on November 15, 2020. The closing of the offering is expected to occur on March 4, 2013, subject to the satisfaction of customary closing conditions. Huntsman intends to use the net proceeds to redeem $200 million in aggregate principal amount of its 51/2% Senior Notes due 2016 and to pay associated accrued interest and for general corporate purposes. Full Article
Huntsman Corp To Offer Additional 4.875% Senior Notes Due 2020
Huntsman Corp announced intention, to privately offer $250 million in aggregate principal amount of additional 4.875% senior notes due 2020 through wholly owned subsidiary, Huntsman International LLC. The Notes are being offered as additional notes under the indenture, dated as of November 19, 2012, among the Issuer, the guarantors party thereto and Wells Fargo Bank, National Association, as trustee, pursuant to which the Issuer issued $400 million in aggregate principal amount of 4.875% Senior Notes due 2020 on November 19, 2012. The Notes will be treated as a single series with, and will have the same terms as, the Prior Notes. Huntsman intends to use the net proceeds to redeem $200 million in aggregate principal amount of 5½% Senior Notes due 2016 and to pay associated accrued interest and for general corporate purposes. Full Article
Huntsman Corp Increases Common Dividend
Huntsman Corp announced that the Board of Directors has declared a $0.125 per share cash dividend on its common stock. The dividend is payable on March 29, 2013 to stockholders of record as of March 15, 2013. Full Article
Huntsman Corp Enters Into Joint Venture Agreement With Sinopec's Sinopec Jinling Company
Huntsman Corp announced that it has entered into a joint venture agreement with Sinopec Jinling Company, a subsidiary of Sinopec. The joint venture, Nanjing Jinling Huntsman New Materials Co., Ltd. will build and operate a world scale Propylene Oxide (PO) and Methyl Tertiary Butyl Ether (MTBE) facility in Nanjing, China. The facility is expected to be completed by the end of 2014 and it will utilize Huntsman's proprietary PO/MTBE manufacturing technology. Huntsman will own 49% of the joint venture, and Sinopec will own 51%. The facility will produce 550 mm lbs of PO and 1.6 billion lbs of MTBE at a capital cost of approximately $750 million. Other details of the joint venture were not disclosed. Full Article
Huntsman Corp Announces Fourth Quarter 2012 Common Dividend
Huntsman Corp announced that the company's board of directors has declared a $0.10 per share cash dividend on its common stock. The dividend is payable on December 31, 2012, to stockholders of record as of December 14, 2012. Full Article
Huntsman Corp Announces Third Quarter 2012 Common Dividend
Huntsman Corp announced that the Company's board of directors has declared a $0.10 per share cash dividend on its common stock. The dividend is payable on September 28, 2012, to stockholders of record as of September 14, 2012. Full Article
Huntsman Corp Issues Q3 2012 Earnings Guidance In Line With Analysts' Estimates-Conference Call
Huntsman Corp announced that for the third quarter of 2012, it expects earnings to be sequentially lower from the second quarter of 2012. The Company reported Adjusted EBITDA of $365 million and adjusted earnings per share of $0.58 per diluted share in the second quarter of 2012. According to I/B/E/S Estimates, analysts were expecting the Company to report EBITDA of $341 for the third quarter of 2012. Full Article
Huntsman Corp Acquires Remaining Ownership Of Russian Polyurethanes Company
Huntsman Corp announced that it has acquired the remaining ownership of Russian joint venture Huntsman NMG (HNMG), giving it full ownership of the Company. The financial terms of the deal were not disclosed. Full Article
Huntsman beats estimates on higher demand for foam insulation
- Chemical maker Huntsman Corp's quarterly profit scraped past Wall Street estimates as higher sales of polyurethane, used in foam insulation, offset weak demand for paint pigment.
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