$HUN

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Olin, Huntsman Announce Merger Deal to Create Chemicals Company With Over $12 Billion in Revenue

Olin (OLN) and Huntsman (HUN) on Tuesday said they agreed to merge in an all-stock deal to create a larger North American chemicals company with more than $12 billion in annual revenue.Under the terms of the agreement, diversified chemical products maker Huntsman's shareholders will receive 0.5476 Olin shares for each share they own, the companies said in a joint statement.The transaction is expected to close in the first half of 2027, subject to regulatory and shareholder approvals. Upon completion, the combined company will be renamed OlinHuntsman. Olin shareholders are expected to own about 54.5% of the combined company, while Huntsman shareholders will own the remaining 45.5%.The combined company would have generated about $12.5 billion in 2025 revenue, the statement said. It is expected to serve a range of end markets including automotive, construction, infrastructure and industrial applications. OlinHuntsman will benefit from a lower cost position and a greater ability to convert its electrochemical unit production into downstream materials, creating new growth opportunities, according to the statement.The deal will also combine Olin's manufacturing and feedstock capabilities with Huntsman's downstream products and formulation expertise, while Olin's Winchester ammunition business will continue operating within the company."This combination provides a compelling opportunity for Olin and Huntsman to create a more resilient and value-focused chemicals company anchored in North America," Olin chief executive Ken Lane said.Olin and Huntsman expect the merger to generate more than $400 million in synergies and integration benefits.Upon closing of the transaction, Lane will lead the combined company, while Huntsman CEO Peter Huntsman will serve as non-executive chairman of the board. OlinHuntsman will be headquartered in Texas.Earlier this month, Huntsman said it sold its Italy-based automotive aftermarket components business Gomet to Trelleborg Group for about $50 million.

$HUN$OLN

US Markets3h ago

Stocks Rise Pre-Bell Ahead of Fed Policy Meeting; Traders Seek Details on US-Iran Peace Deal

US equity markets were tracking in the green before the open Tuesday as traders await the Federal Reserve's latest decision on interest rates and keep an eye out for more details on the peace deal between the US and Iran.The S&P 500 was slightly in the green, the Dow Jones Industrial Average edged up 0.1% and the Nasdaq added 0.2% in premarket activity. The S&P 500 and the Nasdaq finished Monday trading up for a third consecutive session, while the Dow notched a new all-time high.US markets will be closed on Friday for the Juneteenth National Independence Day holiday.The Fed's monetary policy committee is set to kick off its meeting on interest rates today, with a decision due tomorrow. Markets widely expect the central bank to keep its benchmark lending rate unchanged for a fourth consecutive meeting, according to the CME FedWatch tool."We expect the Warsh Fed to move slowly on interest rates, especially with expectations for an end to the war," D.A. Davidson said. "The Fed, however, could remove its easing bias (a view that rates will be lower over the medium term)."The Fed's so-called "dot plot" may signal no interest rate cuts until 2028, UBS Securities said Monday. The brokerage flagged the possibility of a tighter monetary policy amid the energy price shock stemming from the Middle East conflict.Treasury yields were down in premarket action, with the two-year rate retreating 1.2 basis points to 4.05%, while the 10-year rate was off 2.4 basis points to 4.45%.While markets remain optimistic following the US-Iran deal announcement, ship owners, traders and oil-producing nations are seeking more clarity on the terms of the agreement to end the war and reopen the Strait of Hormuz, Bloomberg News reported. Executives and officials said they need more details on the deal before resuming oil shipments through the key waterway, the report added."Flows through the Strait will take time to normalize even if the (memorandum of understanding) holds," Rystad Energy said in a note emailed toon Tuesday. "We are not going back to a pre-crisis oil market, but instead we are entering a more uncertain, more volatile one."West Texas Intermediate crude oil fell 2.5% to $78.73 a barrel before the open, while Brent slipped 2.4% to $81.18.The US and Iran are scheduled to sign their peace deal in Switzerland on Friday.Tuesday's economic calendar also has the housing starts and permits report for May at 8:30 am ET, along with the import and export prices data for the same month.SpaceX (SPCX) shares jumped 10% pre-bell after closing the previous trading session up 20%. Huntsman (HUN) fell 9.4% as it agreed to an all-stock merger of equals with Olin (OLN).John Wiley & Sons (WLY) reports its latest financial results before the bell, while La-Z-Boy (LZB) posts earnings after the markets close.Gold nudged 0.4% higher to $4,367 per troy ounce, while bitcoin slipped less than 0.1% to $66,586.

Dow JonesNasdaq CompositeS&P 500$HUN$OLN$SPCX$WLY

Wire11d ago

Huntsman Sells Italy-Based Automotive Aftermarket Components Business for $49 Million

Huntsman (HUN) said Friday it has sold its Italy-based Huntsman Gomet business to Trelleborg Group for 42.5 million euros ($49.2 million), subject to post-closing adjustments.Gomet makes molded rubber and thermoplastic automotive aftermarket components and was acquired by Huntsman in 2014 as part of the Rockwood acquisition, the company said.Proceeds from the deal will be used to reduce debt, Huntsman said.Price: $14.30, Change: $+0.05, Percent Change: +0.35%

$HUN

Research41d ago

Research Alert: CFRA Raises View On Shares Of Huntsman Corporation To Sell From Strong Sell

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We increase our 12-month target price by $3 to $12, based on 9.2x EV/EBITDA our 2027 estimate, in line with peers at 9.3x. We narrow our 2026 loss estimate by $0.17 to $0.25 and lower our 2027 EPS estimate by $0.05 to $0.10. While HUN is implementing aggressive pricing to offset feedstock inflation from the Middle East conflict, we remain cautious on demand sustainability. Management noted Q2 order patterns reflect seasonality, pre-buying ahead of price increases, and supply disruptions factors that may not persist into H2 2026. HUN faces structural challenges including European natural gas costs significantly higher than the U.S., pressuring its cost position. Although Polyurethanes operating rates improved to the high-80s and management targets mid-teen EBITDA margins, we believe achieving normalized profitability requires sustained demand recovery that remains uncertain given inflation concerns and mixed housing indicators. Free cash flow was -$91M in Q1, improving from -$107M Y/Y but still negative.

$HUN

Research46d ago

Research Alert: Huntsman Corporation Posts Q1 Volume Gain Offset By Margin Pressures

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:HUN reported Q1 2026 revenues of $1.42B (+0.7% Y/Y), beating consensus by 2.2%, though adjusted loss per share of ($0.20) missed prior year's ($0.11) despite beating consensus by $0.01. Geopolitical volatility in March drove sharp feedstock cost increases, compressing margins across segments despite 4% Polyurethanes volume growth and 12% Advanced Materials revenue growth. We think volume improvements are modest positives, but margin deterioration and rising input costs raise questions about returning to historical EBIT margin levels of 7%-11% given persistent pricing pressures. Management expects Q2 profitability improvement from increased volumes and pricing initiatives responding to feedstock spikes. However, we view execution risk as elevated given unpredictable market conditions and competitive pressures limiting pricing power. HUN's financial position remains strained with net debt rising to $1.687B and negative free cash flow of $91M, though modestly improved from prior year's $107M use.

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