Hexion

Source: news.yahoo.com --- 13 hours ago
The parent company of Hexion Specialty Chemicals Inc. is stepping in with a pledge of $540 million to help the Columbus company close its acquisition of Utah chemical maker Huntsman Corp. (HUN) ...

Source: www.washingtonpost.com --- 1 day ago
NEW YORK -- Hexion Specialty Chemicals received a $540 million pledge to help it close its fiercly contested takeover of Huntsman Corp. ...

Source: www.marketwatch.com --- 1 day ago
SAN FRANCISCO (MarketWatch) - Huntsman Corp. shares sat out the broader market plunge with a 28% jump Thursday after Hexion Specialty Chemicals Inc. said affiliates of Apollo Management L.P. agreed to give $540 million to aid in closing the merger of the two chemical companies. ...

Source: www.chron.com --- 1 day ago
NEW YORK — Hexion Specialty Chemicals is moving to complete its $6.51 billion buyout of Huntsman with help from Apollo Management. Apollo, Hexion's parent, will pump $540 million into Hexion to help close the deal for Salt Lake City-based Huntsman. It will also waive its contractual fee and suspend monitoring fees for three years, provided the deal goes through. ...

Source: www.chron.com --- 15 hours ago
More than a year after it was announced, the mega-merger between chemical giants Hexion and Huntsman finally appears to be heading toward the finish line. ...

Source: www.kentucky.com --- 18 hours ago
WHAT HAPPENED: Hexion Specialty Chemicals received a $540 million pledge from parent Apollo Management LP to help it close its fiercely contested takeover of Huntsman Corp. THE REASON: Hexion tried to walk away from the $6.5 billion takeover agreed to last summer, citing Huntsman's deteriorating finances. But a Delaware judge said last month Hexion couldn't jettison the deal, and ordered the company to rework a financing package if necessary. The $540 million helps Hexion comply with the court rulings. NEXT STEPS: Hexion said it is "proceeding expeditiously" to close the deal and is in ongoing discussions with Huntsman regarding a wide range of matters relating to the closing. Apollo said it will waive its contractual fee and suspend monitoring fees for three years, provided the deal goes through. ...

Source: www.streetinsider.com --- 1 day ago
Visit StreetInsider.com at http://www.streetinsider.com/Mergers+and+Acquisitions/Huntsman+%28HUN%29+Higher+After+Capital+Contribution+from+Apollo+For+Hexion+Merger/4055157.html for the full story. ...

Source: cars.thedave.net --- 2 hours ago
(Updates from brief, adds NEW YORK to dateline, details, background) ...

Source: dealbook.blogs.nytimes.com --- 1 day ago
Hexion Specialty Chemicals said Thursday morning that it will receive $540 million from its parent company, Apollo Management, to help it close its merger with fellow chemical maker Huntsman. The move may signal an end to a long-running dispute between Huntsman and its would-be acquiror, one that eventually wended its way into a Delaware courtroom. Two weeks [...] ...

Source: online.wsj.com --- 1 day ago
Apollo Management will give its Hexion Specialty Chemicals business $540 million to help complete its takeover of Huntsman. The private-equity firm had sought to drop the $6.5 billion deal when the credit crunch worsened. ...

Source: www.chron.com --- 1 day ago
Hexion said today that affiliates of its private equity parent Apollo Management have agreed to contribute $540 million to help close the buyout deal ...

Source: www.kansascity.com --- 18 hours ago
Hexion Specialty Chemicals said Thursday it has received a $540 million pledge to help it close its fiercely contested takeover of Huntsman Corp. ...

Source: www.247wallst.com --- 1 day ago
Huntsman Corp. (NYSE: HUN) is seeing explosive trading in its stock this morning before the open.  It appears that the private equity merger which was called off, then ruled as an improper break-up, may have some extra life to it after all.  Hexion Specialty Chemicals has announced that it is proceeding to seek to close its merger with Huntsman. Affiliates of Apollo Management have agreed to make a capital contribution of $540 million to Hexion to assist in this merger. The new capital contribution is to help Hexion in addressing the issues raised in the decision last week by the Delaware Chancery Court in the pending merger. Apollo Management has also informed Hexion that it will waive its contractual right to a transaction fee in connection with this merger. Apollo will also suspend its ongoing monitoring fees from Hexion for a period of three years. Huntsman shares are up a massive 38% at $12.60 in very active pre-market trading. Jon C. Ogg October 9, 2008 ...

Source: www.bignewsnetwork.com --- 10 hours ago
Shares of Huntsman Corp. surged Thursday after its disgruntled suitor, Hexion Specialty Chemicals, reported its parent company contributed $540 million in capital to help complete its takeover of ... ...

Source: www.mergersunleashed.com --- 3 hours ago
Hexion Specialty Chemicals announced that it has secured new $540 million commitment from Apollo Management. ...