OLIN and HUNTSMAN Merger Approved

Olin Corporation and Huntsman Corporation announced that their respective shareholders have approved the proposals necessary to complete the companies' previously announced all-stock merger of equals.

"We greatly appreciate the strong support of Olin and Huntsman shareholders as we reach this important milestone," said Ken Lane, President and Chief Executive Officer of Olin. "OlinHuntsman Corporation will be a more value-focused chemicals company with a world-scale vertically integrated platform that is better positioned to serve customers across the value chain and deliver resilient financial performance. We are committed to completing the remaining steps to close the transaction and to delivering long-term value for our shareholders, customers, employees, and communities as one company."

"OlinHuntsman will be better positioned to compete in an increasingly global industry, delivering value, adding products and greater service for customers," said Peter Huntsman, Chairman, President and Chief Executive Officer of Huntsman. "We thank our shareholders for the overwhelming support at the special meeting and look forward to completing this combination and getting to work building a global chemicals leader."

Approximately 97% of the votes cast, representing 81% of all outstanding shares, were in favour of the transaction's consummation through a direct merger of Olin and Huntsman according to preliminary voting results. Based on preliminary voting results, the merger was approved by approximately 99% of the votes cast at the special meeting of Huntsman stockholders that took place today, which represents 75% of all outstanding shares.

The transaction will proceed through a direct merger of Olin and Huntsman, subject to the satisfaction of other closing conditions, based on these preliminary voting results.

Olin and Huntsman will file separate Current Reports on Form 8-K with the U.S. Securities and Exchange Commission, and the final voting results are subject to certification by the companies' respective independent inspectors of elections. The transaction is anticipated to be finalised in the first half of 2027 and is contingent upon the receipt of necessary regulatory approvals and the satisfaction or waiver of other customary closing conditions.

Source: Huntsman