Olin Corporation and Huntsman Corporation have signed a merger-of-equals agreement under which Huntsman shareholders will receive 0.5476 shares of Olin common stock for each Huntsman share, valuing the consideration at about $11.06 per share based on Olin’s July 9, 2026 closing price. Both boards unanimously back the deal and are calling special virtual meetings on August 25, 2026 for shareholders to vote on the merger and related proposals, with a preferred ‘direct merger’ structure expected to improve capital structure efficiency and avoid potentially costly debt refinancings that would weigh on the combined group’s net income.
The transaction can be completed via either a direct merger of Huntsman into Olin or a two-step subsidiary merger, provided Olin and Huntsman investors approve the respective merger resolutions. Shareholders are being urged to vote in favor, with advisory votes on executive compensation and adjournment flexibility also on the ballot to facilitate securing sufficient support for a deal that would reshape the competitive landscape for both chemicals producers and consolidate their New York-listed equity under the Olin ticker.
The agreements encompass AkzoNobel’s Decorative Paints business in seven countries: Vietnam, Indonesia, Malaysia, Thailand, Singapore, Papua New Guinea and Australia. AkzoNobel will retain full ownership of its Coatings activities and Global Business Services organization.
Azpects manufactures and distributes a range of easy-to-use polymeric paving joint compounds and complementary landscaping products for the construction and maintenance of patios, pathways and driveways, Sika said. It serves a customer base through established trade distribution channels that reach landscaping contractors across the UK, Sika added.
Corbion CEO Olivier Rigaud will not seek a third term at the food ingredients company, with his current appointment due to end at the company’s Annual General Meeting on 12 May 2027. Rigaud has informed Corbion’s Supervisory Board that he intends to hand over leadership of the business after eight years as chief executive.
