Huntsman shares plunge 17% on Olin's $2.43 billion all-stock acquisition deal

M&A · PartnershipCorporate Action
โดย Zacks Investment Research·Read original
Summary · why it matters

Huntsman Corporation shares plunged 17.1% after Olin Corporation agreed to acquire the company in an all-stock transaction valued at $2.43 billion, with the deal's discounted valuation weighing on the stock. Yum! Brands shares rose 1.9% after the company announced plans to sell its Pizza Hut chain for $2.7 billion. Space Exploration Technologies shares rose 4.8%, extending their post-IPO rally and briefly overtaking Amazon.com in market capitalization. NVIDIA shares fell 2.4% amid a broader decline in the technology sector.

Impact on stocks 6

Artificial Intelligence▲ · 2 stocks
Materials▼ · 1 stocks
Huntsman Corporation
HUN
▼ NegativeCapitalrelevance

Olin's all-stock acquisition at a discounted valuation causes Huntsman shares to plunge 17.1%.

Consumer Discretionary▲ · 1 stocks
Yum! Brands Inc
YUM
▲ PositiveCapitalrelevance

Yum! Brands announces sale of Pizza Hut chain for $2.7 billion, driving shares up 1.9%.

Defense & Geopolitical Fragmentation▲ · 1 stocks
Olin Corporation
OLN
± MixedCapitalrelevance

Olin is the acquirer in the deal, but the article does not discuss Olin's stock reaction or deal terms beyond the valuation.

Space Economy▲ · 1 stocks
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