Olin, Huntsman Agree $12.5 Billion All-Stock Merger as Companies Target $400 Million in Synergies
Updated
Updated · huntsman.com · Jun 16
Olin, Huntsman Agree $12.5 Billion All-Stock Merger as Companies Target $400 Million in Synergies
2 articles · Updated · huntsman.com · Jun 16
Summary
A definitive merger agreement will combine Olin and Huntsman in an all-stock transaction, creating OlinHuntsman with about $12.5 billion in 2025 revenue and expected closing in the first half of 2027.
More than $400 million in identified synergies and integration benefits underpin the deal, including over $300 million largely within 24 months and another $100 million of raw-material benefits starting in 2031.
Huntsman shareholders will receive 0.5476 Olin shares per share and own about 45.5% of the combined company, while Olin holders will own roughly 54.5%.
Ken Lane will become CEO, Peter Huntsman non-executive chairman, and the combined company will be headquartered in The Woodlands, Texas with a 10-member board split evenly between both sides.
The companies said pairing Olin's chlorine, caustic soda and feedstock base with Huntsman's downstream materials and formulations should lower costs, strengthen cash flow through the cycle and sharpen North American competitiveness.