Huntsman considers merger as option after spin-off of pigments/additives

US materials company Huntsman Corp. says it is looking at options such as different mergers and acquisitions opportunities. The conglomerate referred to an article by Bloomberg where Executive Chairman Jon M. Huntsman had commented in an interview that a number of companies would be suitable merger candidates for Huntsman following the planned separation of its Pigments and Additives business (to be known as Venator Materials Corporation).

The company noted that this statement was consistent with statements previously made to the markets by CEO Peter Huntsman who commented that "Huntsman has numerous options to increase shareholder value following the separation, including a merger-of-equals transaction, and that the company will be carefully considering all of those options."

Huntsman has also been quoted as having said he’s looking for opportunities to help the company expand into a more profitable lines of business. He said several options are on the table but first plans to complete the spinoff of its pigments/additives business, to be named Venator Materials Corp., by the end of June.

The public-listed company operates in more than 100 manufacturing and R&D facilities in approximately 30 countries and employs approximately 15,000 employees, with 2016 revenues of approximately US$10 billion.