MergerJul 31, 2026, 12:01 PM
Olin to Merge with Huntsman; Q2 Net Loss $(13.3)M
AI Summary
Olin Corporation announced a definitive agreement to merge with Huntsman Corporation in an all-stock transaction, forming OlinHuntsman Corporation, with Olin shareholders expected to own approximately 54.5% of the combined entity. For the second quarter of 2026, Olin reported a net loss of $(13.3) million, an increase from $(1.3) million in the prior year, on sales of $1,741.9 million. The company also incurred $10.6 million in acquisition-related costs for the merger and continued with ongoing restructuring efforts.
Key Highlights
- Olin entered a definitive agreement to merge with Huntsman Corporation in an all-stock transaction.
- Existing Olin shareholders are expected to own approximately 54.5% of the combined company.
- Q2 2026 net loss attributable to Olin was $(13.3) million, compared to $(1.3) million in Q2 2025.
- Q2 2026 sales decreased to $1,741.9 million from $1,758.3 million in Q2 2025.
- Year-to-date 2026 net loss was $(96.3) million, a significant decline from $0.1 million YTD 2025.
- Incurred $10.6 million in acquisition-related costs for the merger in Q2 2026.
- Net cash used in operating activities was $(40.7) million for the six months ended June 30, 2026.
- Long-term debt increased to $3,029.1 million as of June 30, 2026.
Price Impact
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