NewsFlashHuntsman's share price soars 13%

05 July 2007 15:09  [Source: ICIS news]

TORONTO (ICIS news)--The share price of US chemicals maker Huntsman rose by almost 13%, to $27.55, as markets opened in New York on Thursday morning.

 

Analysts had expected a gain after Huntsman on Tuesday received a $6bn rival takeover bid from private equity firm Apollo, topping an earlier bid by Access Industries.

 

Apollo offered to buy Huntsman for $27.25/share in cash, $2 (€1.46) higher than Access’ bid from June.

 

On 25 June, the day before Access made its bid, Huntsman’s shares were priced at $18.9.

 

($1 = €0.73)

By: Stefan Baumgarten
+1 713 525 2653

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