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Huntsman

Zamil and Huntsman joint venture begins production

March 5, 2010

Family-controlled Huntsman Corp and the family-owned conglomerate Zamil Group have begun production at their joint venture plant in Saudi Arabia.

Lauders looking good for Family Business Leader of the Year award

October 29, 2009

As we approach the halfway point of the search to find www.campdenFB.com's Family Business Leader of the Year 2009, Ronald and Leonard Lauder have taken a decisive lead in the poll, writes Marc Smith

As we approach the halfway point of the search to find 2009's Family Business Leader of the Year, Ronald and Leonard Lauder have taken a decisive lead in the poll. The two sons of beauty queen Estee have impressed voters with the way they handled a succession process that saw a non-family CEO installed but the family retain ownership.

Campden FB Family Business Leader of the Year 2009

October 1, 2009

This year has seen a series of shocks and surprises rock the family business world; two famous retail names – 77-year-old US-based Bashas’ and 128-year-old Germany-based Arcandor filed for insolvency – while the former chairman of Samsung was convicted of a family succession scam and the Middle East was shaken by the governance problems of the Saad Group and AHAB.

This year has seen a series of shocks and surprises rock the family business world; two famous retail names – 77-year-old US-based Bashas' and 128-year-old Germany-based Arcandor filed for insolvency – while the former chairman of Samsung was convicted of a family succession scam and the Middle East was shaken by the governance problems of the Saad Group and AHAB.

Recession in America: how family businesses are fighting back

August 25, 2009

Three leading American family businesses have been making the headlines for different reasons, although all were recession related. Katie Barker analyses how Marriott, Ford and Huntsman have survived to fight another day

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.

New trial date set as Huntsman founder honoured by cancer society

November 25, 2008

The jury trial that pits family-owned Huntsman Corporation against Credit Suisse and Deutsche Bank over a multi-billion dollar tortious interference claim will begin on 11 May 2009.

The jury trial that pits family-owned Huntsman Corporation against Credit Suisse and Deutsche Bank over a multi-billion dollar tortious interference claim will begin on 11 May 2009. The trial relates to the banks’ behaviour in Huntsman’s merger with Hexion Speciality Chemicals.

Judge Fred Edwards refused to grant the banks a delay of the trial and denied their request to consolidate Huntsman's claims against Apollo Management, owners of Hexion, with Huntsman’s claims against them.

Huntsman names and shames investment bankers ahead of trial

November 12, 2008

Family-owned Huntsman Corporation has begun to form its case against Deutsche Bank and Credit Suisse in its multibillion dollar tortious interference lawsuit scheduled for 9 February next year in Texas.

Family-owned Huntsman Corporation has begun to form its case against Deutsche Bank and Credit Suisse in its multibillion dollar tortious interference lawsuit, scheduled for 9 February next year in Texas.

The lawsuit is the latest instalment in the stop-go merger between Huntsman and Hexion Speciality Chemicals.

Banks scupper quick close of Huntsman merger

October 29, 2008

The protracted and bitter merger between family-owned Huntsman and their private-equity backed rivals Hexion Speciality Chemicals has suffered a new setback as Credit Suisse and Deutsche Bank have announced they will not provide immediate funding.

The banks do not believe that the combined company will be solvent – a claim first made by Hexion back in June. However, since then, a district judge forbade both banks from filing any lawsuit that seeks to declare that the combined company would be insolvent, or that it would be unable to pay its debts when due.

Huntsman family victorious over Credit Suisse and Deutsche Bank in merger battle

October 16, 2008

Family-owned chemical company Huntsman Corp has claimed another victory in its bid to force through the disputed merger of their business with rival Hexion Specialty Chemicals, Inc.

The Huntsman family had sued Credit Suisse and Deutsche Bank, signatorys of an agreement committing them to finance the merger of Huntsman and Hexion, owned by private equity firm Apollo Management.