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Huntsman announces ompletion of antitrust review in the USA

December 26/2013

MOSOCW (MRC) -- Huntsman Corporation, the US chemicals producer founded by Jon Huntsman Sr., and Rockwood Holdings, Inc. has announced completion of an important milestone in Huntsmans pending acquisition of Rockwoods Performance Additives and Titanium Dioxide (TiO2) businesses, reported Huntsman on its site.

The waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 has expired. Therefore, the antitrust review in the United States is now complete. The company continues to work through the regulatory process in the European Union. 

As previously disclosed, Huntsman anticipates closing the transaction with Rockwood in the first half of 2014.

As MRC wrote earlier, Moody's Investors Service has lifted its outlook on Huntsman Corp., noting improvements across the chemical maker's main product lines. Moody's backed Huntsman's corporate family rating at Ba3, three notches into junk territory. The outlook was raised to positive, from stable.

Huntsman is a global manufacturer and marketer of differentiated chemicals. The company's operating companies manufacture products for a variety of global industries, including chemicals, plastics, automotive, aviation, textiles, footwear, paints and coatings, construction, technology, agriculture, health care, detergent, personal care, furniture, appliances and packaging.
Author:Margaret Volkova
Tags:dioksid titana, car components, Furniture, footwear, adhesives, construction, packaging, tekstil, paints and coatings, Huntsman, Rockwood Holdings.
Category:General News
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