Huntsman Corp. (HUN), a manufacturer of chemical and inorganic chemical products, Tuesday said it received the final $425 million in payments from affiliates of Apollo Management, L.P.
On December 14, Huntsman terminated its $6.5 billion merger agreement with rival Hexion Specialty Chemicals, Inc. and reached an agreement with Hexion, private-equity firm Apollo Management, L.P. and certain of its affiliates to settle its claims against them arising from the merger agreement. Payment to be made to Huntsman, from three sources, under the settlement agreement was $1 billion.
The latest payment completes the $1 billion required to be paid to Huntsman under the settlement agreement. On December 19, Huntsman received a $325 million termination fee and on December 23, the company received $250 million from Apollo affiliates for 10 year convertible notes issued by Huntsman.
According to Huntsman's President and CEO Peter Huntsman, "We have received the $1 billion in payments sooner than anticipated which puts our company in a very unique position. As we look forward to the upcoming year, our balance sheet is much stronger and our business is in a greater position to prosper."
HUN closed Monday's regular trade at $3.38, down from the previous close of $3.50, on 3.67 million shares.
For comments and feedback contact: editorial@rttnews.com
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.