Olin and Huntsman Shareholders Approve All-Stock Merger

M&A · Partnership
โดย Zacks Investment Research·US·Read original
Summary · why it matters

Olin Corporation and Huntsman Corporation have received overwhelming shareholder approval for their all-stock merger of equals, creating OlinHuntsman Corporation, a leading North American integrated chemicals producer. At Olin's special meeting, approximately 97% of votes cast, representing 81% of outstanding shares, supported the deal, while Huntsman saw roughly 99% of votes cast, representing 75% of outstanding shares, in favor. The combined company is expected to have about $12.5 billion in 2025 revenues and a broader manufacturing footprint across North America, Europe, and Asia. The merger is projected to deliver more than $400 million in total cost synergies and integration benefits, including over $300 million from purchasing efficiencies, raw material integration, operational optimization, and SG&A savings, plus an additional $100 million in raw material integration benefits beginning in 2031 and about $125 million in cash tax benefits. The transaction is expected to close in the first half of 2027, subject to regulatory approvals and other customary conditions.

Impact on stocks 3

Materials▲ · 1 stocks
Huntsman Corporation
HUN
▲ PositiveCapitalrelevance

Shareholders approve all-stock merger with Olin, creating OlinHuntsman with synergies.

Critical Materials & Supply Chain▲ · 1 stocks
Olin Corporation
OLN
▲ PositiveCapitalrelevance

Shareholders approve all-stock merger with Huntsman, creating OlinHuntsman with synergies.

Defense & Geopolitical Fragmentation▲ · 1 stocks

Theme Impact 1

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