Huntsman Corp. recently announced that it expects the European Commission to proceed with an in-depth investigation (phase II) into Huntsman’s proposed acquisition of Rockwood’s Performance Additives and Titanium Dioxide businesses. The commission would have up to 125 working days to make a final decision on whether the proposed transaction would significantly impede effective competition in the European economic area.
“Phase II is not out of the ordinary,” said Peter R. Huntsman, president and CEO of Huntsman. “We remain actively engaged with representatives of the European Commission as they continue their analysis and deliberation over our pending transaction with Rockwood. We believe the proposed combination will position us better to serve our customers and will provide a unique opportunity to unlock value within our Pigments business. We are working to satisfy the European Commission as soon as possible.”
For more information, visit www.huntsman.com.