M&A
confidence high
sentiment neutral
materiality 0.95
Olin and Huntsman agree to all-stock merger of equals; exchange ratio 0.5476
OLIN Corp
- Exchange ratio: 0.5476 Olin shares per Huntsman share; no fractional shares, cash in lieu.
- Combined company named OlinHuntsman Corp, headquartered in The Woodlands, Texas.
- CEO Kenneth Lane (Olin), Chair Peter Huntsman, CFO Phil Lister (Huntsman); Board 10 members (4+4+CEO+Chair).
- Termination fee of $121M payable by either party under certain conditions; expense reimbursement up to $30M.
- Approvals: Olin shareholders >2/3 (Direct Merger) or majority (Subsidiary Mergers); Huntsman stockholders adopt.