Olin and Huntsman Announce Merger of Equals

Olin Corporation and Huntsman Corporation have entered into a definitive agreement to combine in an all-stock merger of equals, creating a leading North American chemicals company. The combined entity, to be named OlinHuntsman Corporation, is expected to generate over $400 million in cost synergies and integration benefits, with an additional $100 million in raw material integration benefits anticipated starting in 2031. The transaction is projected to enhance scale, scope, and chlorine optionality, improving the company's financial profile and performance through market cycles. Key leadership roles have been announced, with Ken Lane as CEO and Peter Huntsman as non-executive Chairman. The merger, valued at over $12 billion based on 2025 pro forma revenue, is expected to close in the first half of 2027, subject to customary closing conditions and shareholder approvals. Huntsman shareholders will receive 0.5476 shares of Olin stock for each Huntsman share, resulting in Olin shareholders owning approximately 54.5% and Huntsman shareholders owning approximately 45.5% of the combined company.