Huntsman shareholder Citadel to sell shares, unwind swaps after merger with Hexion terminated

By Lisa Kerner

Charlotte, N.C., Dec. 17 - Citadel Investment Group, LLC said it plans to sell its shares of Huntsman Corp. common stock and unwind total return equity swaps on the common shares after Huntsman terminated its proposed merger with Hexion Specialty Chemicals, Inc.

The plan may change based on market conditions and other developments, according to a schedule 13D/A filed with the Securities and Exchange Commission.

Citadel beneficially owns about 7.2 million shares, or 3.07%, of the Salt Lake City manufacturer of differentiated chemicals and pigments.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.