Olin to acquire Huntsman in $2.43 billion stock deal as chemicals sector seeks scale
Chemical makers are pursuing consolidation as weak market conditions push the industry to cut costs and build scale. Olin says it will buy Huntsman in an all-stock transaction valued at about $2.43 billion, with the combined company expected to generate more than $400 million in cost synergies and integration benefits.
Highlights
- Olin will acquire Huntsman in an all-stock deal valued at $2.43 billion, offering $13.85 per share, 12.8% below Huntsman's last close.
- Huntsman shares dropped 8.8% in premarket trading after announcement; the transaction is anticipated to close in the first half of 2027.
- The combined company expects over $12 billion in annual revenue and targets more than $400 million in cost synergies and integration benefits.
Deal terms and closing timeline
As reported by Reuters, Huntsman shareholders will receive 0.5476 Olin shares for each Huntsman share they own under the agreement. Based on Reuters calculations, that values the transaction at $2.43 billion and implies an offer price of $13.85 per share.That implied price is about 12.8% below Huntsman's last closing price. Huntsman shares are down 8.8% in premarket trading, and the companies say the transaction is expected to close in the first half of 2027.
Scale push in a difficult chemicals market
The combination brings together two U.S. chemical producers at a time when the sector is looking for greater scale and savings in a challenging environment. The merged company is expected to have more than $12 billion in annual revenue.Olin and Huntsman say the deal is expected to deliver more than $400 million of identified cost synergies and integration benefits. The transaction underscores how chemical companies are using mergers to improve efficiency and strengthen operations as market conditions remain under pressure.
In our earlier article on premarket movers, we highlighted Huntsman’s selloff after it agreed to an all-stock merger with Olin, alongside modest weakness in Olin shares. We also noted the deal’s expected first-half 2027 closing and how investors were quickly recalibrating valuations around major corporate actions in a volatile session.
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