Shareholders of Olin and Huntsman Approve Merger
Shareholders of Olin Corp. and Huntsman Corp. have approved the proposals necessary to complete the previously announced all-stock merger of the two companies.
"We greatly appreciate the strong support of Olin and Huntsman shareholders as we reach this important milestone," said Ken Lane, president and chief executive officer of Olin. "OlinHuntsman will be better positioned to compete in an increasingly global industry, delivering value, adding products and greater service for customers," added Peter Huntsman, chairman, president and chief executive officer of Huntsman.
Based on preliminary voting results from the special meeting of Olin shareholders held today, approximately 97% of the votes cast, representing 81% of all outstanding shares, were voted in favor of the consummation of the transaction through a direct merger of Olin and Huntsman. At the special meeting of Huntsman stockholders held today, approximately 99% of the votes cast, representing 75% of all outstanding shares, were voted in favor of the merger, based on preliminary voting results.
The two companies report that, subject to the satisfaction of other closing conditions, the transaction will proceed through a direct merger of Olin and Huntsman.
The final voting results are subject to certification by the companies' respective independent inspectors of elections and will be reported in separate Current Reports on Form 8-K filed by Olin and Huntsman with the U.S. Securities and Exchange Commission. The transaction is expected to close in the first half of 2027 and remains subject to the receipt of required regulatory approvals and the satisfaction or waiver of other customary closing conditions.
Additional information about Olin is available at olin.com. Learn more about Huntsman at huntsman.com.
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