THE WOODLANDS, Texas,
Aug. 15, 2017 /PRNewswire/
-- Huntsman Corporation (NYSE: HUN) is pleased to announce
progress towards satisfying the regulatory approval condition to
closing its merger of equals with Clariant AG (SIX: CLN). The
United States Federal Trade Commission, which reviews the antitrust
implications of certain business combinations, delivered a second
request for information to Huntsman yesterday relating to just two
products -- sodium isethionate, used in personal care products like
soap and shampoos, and a polyetheramine product used in certain
construction and additive/paint and ink applications.
Together, these products accounted for less than $20 million of Huntsman's total revenues in
the United States in 2016, and
Huntsman is confident that it will be able satisfy any FTC concerns
in advance of the targeted year-end closing date for the
merger.
About Huntsman:
Huntsman Corporation is a publicly
traded global manufacturer and marketer of differentiated and
specialty chemicals with 2016 revenues of approximately
$10 billion. Our chemical
products number in the thousands and are sold worldwide to
manufacturers serving a broad and diverse range of consumer and
industrial end markets. We operate more than 75 manufacturing,
R&D and operations facilities in over 30 countries and employ
approximately 10,000 associates within our four distinct business
divisions. For more information about Huntsman, please visit the
company's website at www.huntsman.com.
Social Media:
Twitter:
twitter.com/Huntsman_Corp
Facebook: www.facebook.com/huntsmancorp
LinkedIn: www.linkedin.com/company/huntsman
Forward Looking Statements:
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, volatile global economic conditions,
cyclical and volatile product markets, disruptions in production at
manufacturing facilities, reorganization or restructuring of
Huntsman's operations, the ability to implement cost reductions and
manufacturing optimization improvements in Huntsman businesses, to
consummate or achieve the expected benefits of the proposed
transaction with Clariant and to realize anticipated cost savings,
and other 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.
View original content with
multimedia:http://www.prnewswire.com/news-releases/huntsman-clariant-deal-continues-to-move-forward--focused-second-request-for-additional-information-received-from-federal-trade-commission-300504670.html
SOURCE Huntsman Corporation