Tags: Huntsman | chemical | takeover | M&A

DealReporter: Huntsman Hires Bank to Explore Sale

Monday, 02 Apr 2012 05:44 PM


Shares of Huntsman Corp., the U.S. chemicals producer founded by Jon Huntsman Sr., rose the most in six weeks after DealReporter said it hired Bank of America Corp. to explore a potential sale of the company.

Huntsman rose 7 percent to $14.99 at the close in New York, the biggest gain since Feb. 16.

DealReporter cited two people in the industry whom it didn’t identify. Gary Chapman, a spokesman for Huntsman, which is run from Salt Lake City and The Woodlands, Texas, declined to comment in an e-mail.

Jon Huntsman Sr. said in a March 8 investor presentation that he’d pursue a sale of the company “at the right price” because it’s being undervalued by the market.

© Copyright 2015 Bloomberg News. All rights reserved.

Around the Web

Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
Zip Code:
Privacy: We never share your email.

You May Also Like
Around the Web
Most Commented

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

© Newsmax Media, Inc.
All Rights Reserved