Huntsman Stock Slides After Olin Merger Deal Values HUN Below Prior Close
Huntsman shares plunged 18% to $13.06 after Olin agreed to acquire the company in an all-stock merger, with the fixed exchange ratio tying Huntsman’s value to Olin’s falling share price; the deal values Huntsman at $13.85 per share based on Olin’s prior close, about 12.8% below Huntsman’s last market close, and the next catalyst is the SEC merger filing and shareholder votes.