Hexion Specialty Chemicals, Inc. has signed a definitive agreement to acquire Huntsman Corporation valued at approximately $10.6 billion.
“This transaction provides Hexion and Huntsman with a great opportunity to create a world-class company with leading-edge products and technologies, a greatly expanded global reach particularly in the high-growth Asia-Pacific region,” said Craig O. Morrison, chairman and CEO of Hexion. “Our combined company will be one of the world’s largest chemical companies and a leader in our ability to serve customers with an expanded portfolio of specialty materials and a significantly enhanced global presence.”