Hexion announces termination of merger agreement with Huntsman and settlement

摘要

Hexion Specialty Chemicals, Inc. announced on December 13,2008, that Huntsman Corporation has terminated the proposed merger between Huntsman and Hexion. On December 14, Hexion entered into a settlement agreement with Huntsman and other parties to end all litigation among Hexion, Apollo Management, L.P. and its affiliates, the controlling shareholder of Hexion, Apollo's principals and Huntsman.