Monitor the shareholder vote schedule and regulatory review timeline (HSR and foreign antitrust). The deal has a one-year outside date with two automatic three-month extensions if regulatory approvals are pending. Key catalysts: filing of Form S-4/joint proxy statement, shareholder meeting dates, and any competing bids or regulatory challenges. The Voting and Support Agreement from Peter Huntsman (CEO and significant stockholder) reduces deal risk.
Price Chart
Executive Summary
Olin (OLN) filed the definitive Agreement and Plan of Merger for its all-stock merger of equals with Huntsman Corporation (HUN), along with a Voting and Support Agreement from key Huntsman stockholders. The transaction, unanimously approved by both boards, will create OlinHuntsman Corporation with a 10-member board, Kenneth Lane as CEO, and Peter Huntsman as non-executive chair. The deal requires shareholder approvals from both companies, HSR clearance, and other customary conditions, with a $121M termination fee payable by either party under certain circumstances.
Key Financial Metrics
Key Facts
- All-stock merger of equals with Huntsman Corporation; each Huntsman share converts into 0.5476 Olin shares
- Combined company to be named OlinHuntsman Corporation, headquartered in The Woodlands, Texas
- Board of directors will have 10 members: 4 from Olin, 4 from Huntsman, plus both CEOs
- Kenneth Lane (Olin CEO) to serve as CEO of combined company; Peter Huntsman to serve as non-executive chair
- Phil Lister (Huntsman CFO) to be CFO; Todd Slater (Olin CFO) to be Chief Integration Officer
- Termination fee of $121,000,000 payable by either party under specified circumstances
- Transaction structured as either a direct merger (requires 2/3 Olin shareholder vote) or subsidiary mergers (requires majority vote)
- Intended to qualify as a tax-free reorganization under Section 368(a) of the Code
- Requires approval from both Olin shareholders and Huntsman stockholders, HSR clearance, and other regulatory approvals
- Voting and Support Agreement secured from Peter Huntsman and affiliated entities covering their Huntsman shares
Financial Impact
Transformative all-stock merger of equals combining two major chemical companies; no cash consideration involved. Termination fee of $121M. Deal value not explicitly stated in filing.
Risk Factors
- Failure to obtain required shareholder approvals from both Olin and Huntsman
- Antitrust or regulatory challenges delaying or blocking the transaction
- Integration risks post-closing given the scale of the merger
- Potential competing bids or shareholder litigation
- Market conditions affecting stock price and exchange ratio economics
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 425 Filing (Primary) | 0001193125-26-272902 |
| Document: d157699dex991.htm | 0001193125-26-272902 |
| Document: d157699d425.htm | 0001193125-26-272902 |
| Document: 0001193125-26-272902-index-headers.html | 0001193125-26-272902 |
| Document: 0001193125-26-272902-index.html | 0001193125-26-272902 |
| Document: 0001193125-26-272902.txt | 0001193125-26-272902 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 25, 2026 5w ago | 8-K | $17.52 $16.26 | ▼ −7.19% | ▼ −7.34% | $15.90 (−9.25%) |
Jul 14, 2026 11w ago | EFFECT | $21.66 $19.08 | ▼ −11.91% | ▼ −14.40% | $15.90 (−26.59%) |
Jul 10, 2026 12w ago | S-4/A | $20.68 $18.59 | ▼ −10.11% | ▼ −12.53% | $15.90 (−23.11%) |
Jul 2, 2026 13w ago | S-4 | $20.04 $22.17 | ▲ +10.63% | ▲ +11.04% | $15.90 (−20.66%) |
Jun 16, 2026 15w ago | 425 | $23.00 $21.98 | ▼ −4.43% | ▼ −5.75% | $15.90 (−30.87%) |
Jun 16, 2026 15w ago | 8-K | $23.00 $21.98 | ▼ −4.43% | ▼ −5.75% | $15.90 (−30.87%) |
Jun 16, 2026 15w ago | 8-K | $23.81 $21.66 | ▼ −9.03% | ▼ −9.23% | $15.90 (−33.22%) |
Jun 11, 2026 16w ago | Institutional Cluster | $24.20 $20.19 | ▲ +16.57% | ▲ +18.46% | $15.90 (+34.30%) |
Mar 20, 2026 28w ago | DEFA14A | $23.63 $26.82 | ▲ +13.50% | ▲ +4.18% | $15.90 (−32.72%) |
Feb 24, 2026 31w ago | Insider Cluster | $24.27 $27.57 | ▲ +13.60% | ▲ +18.58% | $15.90 (−34.49%) |
US Market Status
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