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Shareholders approve Huntsman Corp. merger

Huntsman Corp., the chemical maker that agreed to be purchased by buyout firm Apollo Management LP, said shareholders approved the transaction in which they will receive $28 a share.

About 79 percent of eligible shareholders voted, and 99 percent of them endorsed the merger, Russ Stolle, Huntsman's senior vice president of global public affairs, said today in a phone interview from The Woodlands, Texas, where the meeting was held. Huntsman is run from The Woodlands, outside Houston, and from Salt Lake City. Apollo is based in New York.