M&A
confidence high
sentiment negative
materiality 0.50
Huntsman faces stockholder suits over Olin merger; supplements proxy with new financial details
Huntsman CORP
- Two NY stockholder suits (Jackson, Thompson) vs Huntsman/board allege proxy omissions; seek injunction/damages.
- Olin shareholders filed Palmer v. Babcock in Missouri vs Olin, board, and Huntsman over merger disclosures.
- Huntsman voluntarily supplements joint proxy with Lazard, Citi, and Morgan Stanley financial analyses.
- Citi DCF implies Huntsman equity value $15.20-$21.80/sh, Olin $41.40-$56.30/sh.
- Morgan Stanley DCF implies Huntsman $12.00-$19.25/sh, Olin $29.00-$45.75/sh; board still recommends FOR.