Huntsman Stock Slides After Olin Merger Deal Values HUN Below Prior Close
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.
