Olin Shareholders Overwhelmingly Approve Huntsman Merger of Equals

summarizeSummary

At a special meeting on August 25, 2026, Olin shareholders approved the all-stock merger of equals with Huntsman, with approximately 97% of votes cast in favor. The deal will proceed via a direct merger, with closing expected in the first half of 2027.

check_boxKey Events · M&A and Partnerships · OLN

• Shareholders Approve Merger of Equals

  Clearing the path for the $12.5 billion all-stock combination with Huntsman, Olin shareholders approved the Direct Merger Proposal with 92,038,804 votes for (96.7% of votes cast) and the Subsidiary Merger Proposal with 91,954,959 votes for.

• Direct Merger Structure Confirmed

  Based on voting results at both companies' special meetings, the transaction will proceed through the Direct Merger, with Huntsman merging into Olin as the surviving entity.

• Closing Expected in First Half of 2027

  The merger remains subject to required regulatory approvals and customary closing conditions, with completion now targeted for the first half of 2027.

• Advisory Compensation Vote Passes

  Shareholders also approved, on a non-binding advisory basis, the compensation that may be paid to Olin's named executive officers in connection with the merger, with 87,862,384 votes for.

auto_awesomeAnalysis · OLN · Industrial Applications And Services

The last major shareholder hurdle for the $12.5 billion all-stock combination with Huntsman has been cleared, as Olin shareholders voted decisively in favor. The Direct Merger Proposal passed with 96.7% of votes cast, and the Subsidiary Merger Proposal passed with a nearly identical margin. The transaction will now proceed through the Direct Merger structure, with Huntsman merging into Olin as the surviving entity. Closing is expected in the first half of 2027, pending regulatory approvals. This removes a key execution risk for the deal, though antitrust and other regulatory clearances remain the primary gating items.