Olin and Huntsman will merge into OlinHuntsman in an all-stock deal valuing equity at $2.43 billion, with Huntsman shareholders receiving 0.5476 Olin shares each and owning 45.5% of the combined entity. The new Texas-based company projects over $12 billion revenue, $400 million cost synergies and $125 million tax benefits.
Huntsman shareholders will receive 0.5476 Olin shares for each Huntsman share, resulting in Olin investors holding 54.5% and Huntsman investors holding 45.5% of the merged company.
The transaction carries a $2.43 billion equity value and combines over $12 billion in projected 2025 revenue while unlocking $400 million in cost savings within two years and $125 million in cash tax benefits.
Ken Lane will assume the role of CEO, Peter Huntsman will serve as non-executive chairman, Phil Lister becomes CFO, and a 10-member board will feature equal representation from both companies.
The merger unites Huntsman’s polyurethane and advanced materials portfolio with Olin’s chlorine and caustic soda manufacturing capabilities to create a stronger North American specialty chemicals competitor.
