MergerJun 16, 2026, 06:31 AM
Olin and Huntsman Announce Merger of Equals
AI Summary
Olin Corporation and Huntsman Corporation have announced a definitive agreement to combine in an all-stock merger of equals, creating a leading North American chemicals company named OlinHuntsman Corporation. The combined entity is projected to have over $12 billion in revenue and is expected to generate more than $400 million in cost synergies and integration benefits. Ken Lane will be the CEO and Peter Huntsman will be the non-executive Chairman. The transaction is anticipated to close in the first half of 2027.
Key Highlights
- Olin and Huntsman announce definitive agreement to combine in an all-stock merger of equals.
- The combined company, to be named OlinHuntsman Corporation, is expected to have a pro forma revenue of approximately $12.5 billion.
- Identified cost synergies and integration benefits are estimated at over $400 million.
- Huntsman shareholders will receive 0.5476 shares of Olin for each Huntsman share.
- Upon closing, Olin shareholders are expected to own approximately 54.5% and Huntsman shareholders approximately 45.5% of the combined company.
- Ken Lane (Olin CEO) to serve as CEO of the combined company; Peter Huntsman (Huntsman CEO) to serve as non-executive Chairman.
- The transaction is expected to close in the first half of 2027.
Price Impact
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