Why Huntsman Stock Is Sliding After Its Big Olin Merger Deal

Huntsman Corporation announced an all-stock merger-of-equals with Olin Corporation to create OlinHuntsman Corp with $12.5 billion in combined revenue. Under the deal, Huntsman shareholders will receive 0.5476 Olin shares per Huntsman share, with Olin shareholders owning 54.5% and Huntsman shareholders owning 45.5% of the combined entity. The merger is expected to generate over $400 million in identified benefits including $300+ million in synergies within 24 months. However, Huntsman shares fell 5.73% in premarket trading while Olin shares rose 7.51%, reflecting investor concerns about the deal terms favoring Olin shareholders.