MatlinPatterson to Sell Huntsman Common Stock
August 02 2007 - 4:01PM
PR Newswire (US)
SALT LAKE CITY and THE WOODLANDS, Texas, Aug. 2
/PRNewswire-FirstCall/ -- Huntsman Corporation (NYSE:HUN) announced
today that certain existing stockholders affiliated with
MatlinPatterson Global Advisers LLC (the "Selling Stockholders")
have entered into an underwriting agreement providing for a
registered public secondary sale of 56,979,062 shares of Huntsman
common stock. This sale is pursuant to the shelf registration
statement filed with the Securities and Exchange Commission on July
31, 2007. The sale is expected to close on August 6, 2007, subject
to customary closing conditions. Huntsman will not receive any of
the proceeds from this offering. Credit Suisse Securities (USA) LLC
is the underwriter for the offering. A prospectus supplement
relating to the offering will be filed with the Securities and
Exchange Commission. A copy of the prospectus and, when available,
a copy of the prospectus supplement may be obtained from the
following: Credit Suisse Prospectus Department One Madison Avenue
New York, NY 10010 telephone: 1-800-221-1037 This press release
shall not constitute an offer to sell or a solicitation of an offer
to buy, nor shall there be any sale of these securities in any
state or jurisdiction in which such an offer, solicitation or sale
would be unlawful prior to registration or qualification under the
securities laws of any such state or jurisdiction. Statements in
this release that are not historical are forward-looking
statements. These statements are based on management's current
beliefs and expectations. The forward-looking statements in this
release are subject to uncertainty and changes in circumstances and
involve risks and uncertainties that may affect the company's
operations, markets, products, services, prices and other factors
as discussed in the Huntsman companies' filings with the U.S.
Securities and Exchange Commission. Significant risks and
uncertainties may relate to, but are not limited to, financial,
economic, competitive, environmental, political, legal, regulatory
and technological factors. The company assumes no obligation to
provide revisions to any forward-looking statements should
circumstances change, except as otherwise required by applicable
laws. DATASOURCE: Huntsman Corporation CONTACT: media, Russ Stolle,
+1-281-719-6624, or investors, John Heskett, +1-801-584-5768 Web
site: http://www.huntsman.com/
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