Thursday, July 12, 2007

Apollo to buy Huntsman, trumps Basell

(Reuters) - Huntsman's board unanimously approved the $28 per share cash bid from Apollo, the private equity firm founded by Leon Black, after Basell said late on Wednesday it would not raise its earlier bid of $25.25 per share.




The Huntsman-Hexion tie-up would create a global specialty chemicals company with more than $18 billion in sales.


Read more at Reuters.com Business News

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