THE WOODLANDS, Texas,
May 5, 2017 /PRNewswire/ -- Huntsman
Corporation (NYSE: HUN) announced today that Venator Materials
("Venator"), a wholly-owned subsidiary of Huntsman, has publicly
filed a registration statement on Form S-1 with the U.S. Securities
and Exchange Commission (the "SEC") for a proposed initial public
offering of its ordinary shares. Once separated from
Huntsman, Venator will own Huntsman's Titanium Dioxide and
Performance Additives businesses. Venator's products comprise
a broad range of pigments and additives that bring color and
vibrancy to buildings, protect and extend product life and reduce
energy consumption.
All the ordinary shares to be sold in the offering will be
offered by Huntsman, as selling shareholder. The date, number of
ordinary shares to be offered, and the price range for the offering
have not yet been determined. The offering is expected to
commence in 2017, subject to, among other things, completion of the
SEC review process and suitable market conditions.
BofA Merrill Lynch is acting as a lead book-running manager in
the proposed offering.
The registration statement on Form S-1 filed with the SEC has
not yet become effective and the ordinary shares to be registered
may not be sold nor may offers to buy be accepted prior to the time
when the registration statement becomes effective. Copies of the
registration statement can be accessed through the SEC's website at
www.sec.gov. This press release shall not constitute an offer to
sell or the solicitation of an offer to buy, nor shall there be any
sale of these securities in any state or jurisdiction in which such
offer, solicitation, or sale would be unlawful prior to
registration or qualification under the securities laws of any such
state or jurisdiction.
The proposed offering will be made only by means of a
prospectus. When available, copies of the preliminary prospectus
related to the offering may be obtained from BofA Merrill Lynch,
NC1-004-03-43, 200 North College Street, 3rd Floor, Charlotte, NC 28255-0001, Attention:
Prospectus Department, or by e-mail at
dg.prospectus_requests@baml.com.
Forward-Looking Statements:
This press release
contains forward-looking statements that may state Huntsman's or
its management's intentions, beliefs, expectations or predictions
for the future. Such forward-looking statements are subject to
certain risks, uncertainties and assumptions, and typically can be
identified by the use of words such as "will," "expect,"
"estimate," "anticipate," "forecast," "plan," "believe" and similar
terms. Although Huntsman believes that its expectations are
reasonable, it can give no assurance that these expectations will
prove to have been correct, and actual results may vary materially.
Factors that could cause actual results to differ materially from
those contemplated above include, among others, risks and
uncertainties related to the capital markets generally.
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SOURCE Huntsman Corporation