Olin and Huntsman announce $12.5 billion merger
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- Olin and Huntsman have agreed to combine in an all-stock merger of equals to create a $12.5 billion chemical company.
- Following the merger announcement, shares of Olin moved higher to trade at $25.35.
- The transaction targets more than $400 million in annual cost synergies and $125 million in cash tax benefits.
Olin (NYSE:OLN) and Huntsman (NYSE:HUN) agreed to an all-stock merger to form a $12.5 billion chemical company.
This transaction combines two major North American chemical producers to create a larger industrial manufacturing network.
The companies stated that the transaction targets more than $400 million in total identified cost synergies.
Management expects to realize approximately $125 million in cash tax benefits through accelerated net operating losses.
The combined entity will be renamed OlinHuntsman Corporation and will establish its joint corporate headquarters in The Woodlands, Texas.
The companies stated that the deal is expected to close in the first half of 2027.
