Olin and Huntsman Shareholders Approve Merger of Equals to Create $12.5 Billion Chemical Giant

en.Wedoany.com Reported - On August 25, Olin Corporation (NYSE: OLN) and Huntsman Corporation (NYSE: HUN) announced that their respective shareholders have approved the previously announced all-stock merger of equals. The combined company will be renamed OlinHuntsman Corporation, with the transaction expected to close in the first half of 2027, subject to regulatory approvals and other customary closing conditions.

According to preliminary voting results, approximately 97% of votes cast (representing 81% of outstanding shares) at Olin's special shareholder meeting supported the transaction; approximately 99% of votes cast (representing 75% of outstanding shares) at Huntsman's special shareholder meeting supported the merger. Final voting results are subject to certification by each company's independent election inspector and will be disclosed in their respective Current Reports on Form 8-K.

Upon completion of the merger, Olin shareholders will hold approximately 54.5% of the new company's shares, and Huntsman shareholders will hold approximately 45.5%. The two companies expect the merger to deliver more than $400 million in identifiable cost synergies. Ken Lane, Olin's President and Chief Executive Officer, will serve as Chief Executive Officer of the combined company, and Peter Huntsman, Chairman, President and Chief Executive Officer of Huntsman, will serve as Non-Executive Chairman.

The merger was announced as a definitive agreement on June 16, 2026. The combined OlinHuntsman will integrate Olin's cost-advantaged assets in upstream chemicals such as chlor-alkali and epoxy resins with Huntsman's differentiated capabilities in downstream segments including polyurethane systems, formulation technologies, and advanced materials. Based on 2025 data, the two companies generated combined revenue of approximately $12.5 billion.