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Huntsman gets go-ahead to pursue investment banks in court

May 12, 2009

Family-owned chemical company Huntsman Corp will proceed to trial against Credit Suisse and Deutsche Bank after a US judge ruled the majority of claims against them should stand.

Family-owned chemical company Huntsman Corp will proceed to trial against Credit Suisse and Deutsche Bank after a US judge ruled the majority of claims against them should stand. Huntsman is claiming multi-billion dollar damages over the failed mergers with rivals Basell and Hexion last year.

Huntsman settles for $1 billion over failed merger but continues action against investment banks

December 15, 2008

Family-owned chemical company Huntsman has terminated its merger agreement with Hexion and settled out of court for $1 billion.

Family-owned chemical company Huntsman has terminated its merger agreement with Hexion and settled out of court for $1 billion. However, it is continuing its multi-billion dollar lawsuit against Credit Suisse and Deutsche Bank.

Huntsman has launched several lawsuits – amounting to $3 billion – against Hexion and its private equity owners Apollo following the latter's announcement in June that it would be pulling out of the merger because the new company would be insolvent.

Huntsman family wins sweet victory over private equity firm

September 30, 2008

Family-owned Huntsman Corporation has won its court battle with private equity firm Apollo Management over the proposed merger with Hexion Specialty Chemicals.

The Chancery Court in Delaware ordered Hexion to consummate the merger as quickly as possible. It also decreed an extension to the merger termination date if Hexion does not fully comply with its order.

Apollo and Hexion filed a lawsuit against the family company in June claiming it would be insolvent should the merger, which was originally signed in September 2007, go through.

Huntsman family “outraged” as it sues private equity firm over merger

June 23, 2008

Family-owned Huntsman Corp has hit back in the battle over its proposed merger with Hexion Specialty Chemicals by suing private equity firm Apollo Management

Family-owned Huntsman Corporation has hit back in the battle over its proposed merger with Hexion Specialty Chemicals by suing private equity firm Apollo Management and its two founders for $3 billion. The company claims Leon Black and Joshua Harris induced it to terminate a previous merger agreement with Dutch chemical company Basell in favour of an alternative merger agreement with Apollo affiliate Hexion.

Mission accomplished: Huntsman's complete sale

September 1, 2007

In July, chemical firm Huntsman agreed to be bought by Apollo Management who won a bidding war with Basell. Darrell Delamaide analyses the ins and outs of the deal and what the future holds for the Huntsman family

Darrell Delamaide is a freelance journalist based in the US.