06 July 2007 17:11 [Source: ICIS news]
(Adds Huntsman comment and detail in paragraphs 1-4)
However, Huntsman said neither its transaction committee and nor its board of directors has changed its recommendation to the Basell agreement.
Instead, Huntsman labeled Hexion's offer as superior in accordance to the terms defined by the Access agreement.
Meanwhile, Huntsman continues to communicate with Access and Hexion, said Russ Stolle, Huntsman spokesman.
Hexion's bid was first announced on 3 July following the Access announcement on 26 June.
($1 = €0.74)
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