
Huntsman Corporation shares dropped Tuesday after Olin agreed to acquire the chemicals company in an all-stock merger of equals, a structure where shareholders are paid in shares rather than cash. Huntsman was recently trading at $13.06, down about 18% from Monday’s $15.89 close, after touching an intraday low of $12.55 on unusually heavy volume of nearly 14 million shares.
Today’s highest-ranked model selections.
The catalysts most likely to move markets.
A large surprise can reset expectations for household spending and near-term growth, with read-through to Treasuries, USD and cyclical stocks.
Housing remains highly rate-sensitive; the print can move homebuilders, mortgage-sensitive names and the long end of the Treasury curve.
Guidance can influence software multiples and sentiment around U.S. small-business activity.