Olin and Huntsman Announce Transformative All-Stock Merger of Equals
OLN sits 40% above its 52-week low of $18.075.
Summary
Olin and Huntsman have agreed to a definitive all-stock merger of equals, forming a $12.5 billion combined chemicals leader with over $400 million in identified synergies.
Key Events · M&A and Partnerships · OLN
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Definitive Merger Agreement
Olin Corporation and Huntsman Corporation have entered into a definitive agreement for an all-stock merger of equals, creating a new entity named OlinHuntsman Corporation.
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Significant Scale and Integration
The combined company is projected to have approximately $12.5 billion in 2025 pro forma revenue, establishing a leading, vertically integrated North American chemicals company.
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Substantial Synergy Targets
The merger is expected to generate over $400 million in annual cost synergies and integration benefits, with the majority realized within 24 months, plus an additional $125 million in cash tax benefits from accelerated Net Operating Losses.
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Leadership and Ownership Structure
Olin's CEO, Ken Lane, will serve as CEO of the combined company, and Huntsman's CEO, Peter Huntsman, will be non-executive Chairman. Olin shareholders will own approximately 54.5% and Huntsman shareholders 45.5% of the combined entity.
Analysis · OLN · Industrial Applications And Services
This filing details the definitive agreement for an all-stock merger of equals between Olin and Huntsman, creating a combined entity with approximately $12.5 billion in pro forma revenue. The transaction is expected to generate over $400 million in annual cost synergies and integration benefits, plus $125 million in cash tax benefits. This merger fundamentally reshapes Olin's business, creating a larger, more integrated North American chemicals leader with enhanced scale and vertical integration.
At the time of this filing, OLN was trading at $25.31 on NYSE in the Industrial Applications And Services sector, with a market capitalization of approximately $2.9B. The 52-week trading range was $18.08 to $30.46. This filing was assessed with positive market sentiment and an importance score of 10 out of 10.