Huntsman sets date for Hexion merger vote

By Lisa Kerner

Charlotte, N.C., Aug. 24 - Huntsman Corp. shareholders will vote on the acquisition of the company by Hexion Specialty Chemicals, Inc., an affiliate of Apollo Management, LP, at a special meeting on Oct. 16.

The record date for the meeting is Sept. 4, according to a schedule 14A filing with the Securities and Exchange Commission.

Hexion entered into a definitive agreement to acquire Huntsman for $28 per share in an all-cash transaction valued at $10.6 billion including debt.

Huntsman's board unanimously approved the July 12 deal with Hexion. It was previously reported that Hunstman's board terminated a prior merger agreement with and paid a $200 million break-up fee to Basell AF after determining Hexion's proposal was superior.

Based in Columbus, Ohio, Hexion is involved in thermoset resins. Huntsman is a Salt Lake City manufacturer of differentiated chemicals and pigments.

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