Olin and Huntsman Announce All-Stock Merger of Equals to Create $12.5B Chemicals Leader
HUN sits 95% above its 52-week low of $7.295.
Summary
Olin and Huntsman announced an all-stock merger of equals to create OlinHuntsman Corporation, a $12.5 billion chemicals leader, anticipating over $400 million in synergies.
Key Events · M&A and Partnerships · HUN
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All-Stock Merger of Equals Announced
Olin Corporation and Huntsman Corporation have entered into a definitive agreement for an all-stock merger of equals, forming OlinHuntsman Corporation.
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Significant Combined Scale
The combined company is projected to have approximately $12.5 billion in 2025 revenue, creating a leading North American chemicals entity.
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Substantial Synergy and Integration Benefits
Over $400 million in annual cost synergies and integration benefits have been identified, with the majority expected within 24 months, alongside an additional $125 million in cash tax benefits from accelerated NOLs.
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New Leadership and Headquarters
Ken Lane (current Olin CEO) will serve as CEO of OlinHuntsman, and Peter Huntsman (current Huntsman CEO) will be non-executive Chairman. The combined company will be headquartered in The Woodlands, Texas.
Analysis · HUN · Industrial Applications And Services
This filing details the definitive agreement for an all-stock merger of equals between Olin and Huntsman, forming OlinHuntsman Corporation. The combined entity is projected to have $12.5 billion in 2025 revenue and expects to realize over $400 million in annual cost synergies and integration benefits, plus $125 million in cash tax benefits. This transformative transaction fundamentally reshapes both companies, creating a vertically integrated North American chemicals leader with enhanced scale and a stronger financial profile.
At the time of this filing, HUN was trading at $14.25 on NYSE in the Industrial Applications And Services sector, with a market capitalization of approximately $2.8B. The 52-week trading range was $7.30 to $16.09. This filing was assessed with neutral market sentiment and an importance score of 9 out of 10.