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Huntsman reaffirms merger options, sending shares higher

Mar. 29, 2017 8:54 AM ETHuntsman Corporation (HUN) StockBy: Carl Surran, SA News Editor2 Comments
  • Huntsman (NYSE:HUN) +2.6% premarket and set to add to yesterday's 5.3% gain after Chairman Jon Huntsman Sr. said in an interview with Bloomberg that the company is "looking seriously at the possibility of doing a merger or doing something that would double or triple" its revenues.
  • In a statement today, HUN says the chairman's remarks were consistent with statements previously made by CEO Peter Huntsman, who has said the company "has numerous options to increase shareholder value following the separation [of its pigments and additives business], including a merger of equals transaction."
  • Sentiment also was bullish yesterday after HUN guided for Q1 adjusted EBITDA above the $274M tallied in the year-ago quarter.

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