Huntsman Announces Completion Of Antitrust Review In The United States

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Dec 20, 2013, 08:32 ET

THE WOODLANDS, Texas, Dec. 20, 2013 /PRNewswire/ -- Huntsman Corporation (NYSE: HUN) and Rockwood Holdings, Inc. (NYSE: ROC) today announced completion of an important milestone in Huntsman's pending acquisition of Rockwood's Performance Additives and Titanium Dioxide (TiO₂) businesses. 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. We continue to work through the regulatory process in the European Union. As previously disclosed, we anticipate closing the transaction with Rockwood in the first half of 2014.

About Huntsman:

Huntsman Corporation is a publicly traded global manufacturer and marketer of differentiated chemicals with 2012 revenues of over $11 billion. Our chemical products number in the thousands and are sold worldwide to manufacturers serving a broad and diverse range of consumer and industrial end markets. We operate more than 75 manufacturing and R&D facilities in over 30 countries and employ approximately 12,000 associates within our 5 distinct business divisions. For more information about Huntsman, please visit the company's website at www.huntsman.com.

Forward Looking Statements:

Statements in this release that are not historical are forward-looking statements. These statements are based on management's current beliefs and expectations. The forward-looking statements in this release are subject to uncertainty and changes in circumstances and involve risks and uncertainties that may affect the company's operations, markets, products, services, prices and other factors as discussed in the Huntsman companies' filings with the U.S. Securities and Exchange Commission. Significant risks and uncertainties may relate to, but are not limited to, financial, economic, competitive, environmental, political, legal, regulatory and technological factors. In addition, the completion of any transactions described in this release is subject to a number of uncertainties and closing will be subject to approvals and other customary conditions. Accordingly, there can be no assurance that such transactions will be completed or that the company's expectations will be realized. The company assumes no obligation to provide revisions to any forward-looking statements should circumstances change, except as otherwise required by applicable laws.

SOURCE Huntsman Corporation