Entries tagged "Hexion Specialty Chemicals"
Huntsman is suing Credit Suisse and Deutsche Bank for $8 billion for refusing to finance the company's 2007 LBO.
Yes, it's Halloween, but is a crystal ball really necessary to gaze into the future of the Hexion Specialty Chemicals Inc. and Huntsman Corp. deal with all of the hurdles it has had to go through already? As if there hasn't been enough problems getting the deal done, now Deutsche Bank AG and Credit Suisse Group, which are financing the $6.5 billion deal, look like they are pulling out. ...
After Hexion Specialty Chemicals Inc. and its owner, Apollo Management LP, were body slammed on Monday by a Delaware Chancery Court, arbitrageurs and others have been handicapping the possible outcomes. On Thursday, Moody's Investors Service floated an intriguing possibility: Huntsman Corp., the target of the original deal, might end up buying Hexion. ...
Apollo Management LP won't be walking away from its $6.5 billion acquisition of Huntsman Corp. just yet. A Delaware judge issued an opinion late Monday saying that a material adverse change had not occurred and ordered Apollo-owned Hexion to honor its obligations for the deal....
