The announcement says the combined company will assume Clariant's dividend policy. It's paying .45 chf (Swiss francs). The current exchange rate is $1 in Swiss francs equal $1.03 American. So it appears we can expect a sizable divvy jack.
Bloombergs Gladfly thinks Huntsman gave away the company on this and I have to agree. To be a company of equals Huntsman would have needed to be trading at $37, not $28 at the time of the deal based on forward Ebitda of 9.1 for Clariant and 7.3 for Huntsman. Also, Huntsman should have sup off Venator first, before inking a deal. This would have made Hunstman more valuable. As it is, Clariant is getting the benefit of the Venator spin when it should belong exclusively to Huntsman shareholders.
Huntmans shareholders are getting screwed on this deal, that is why the stock tanked. We had better hope for a cash buyout fron another entity.
Profit taking this morning but I'm holding till it becomes clear Trump and the Republicans are not able to overcome the Swamp in Washington. The media should be ashamed of their collusion with the Leftest.
I am having difficulty understanding why both HUN and Clariant are now below their respective levels at the time of the announcement and continuing to decline.
The market is giving no credit for the $400mm of cost cuts on the $13bn combined equity market cap. it should be worth more than $3bn on a combined company basis. There do not seem to be any anti-trust issues.
The sell side reports I was able to see did not cast substantial doubt on the ability to achieve the synergy target.
Anybody have any ideas?
If this deal actually concludes, then congrats.
Large investors apparently aren't too thrilled with the Clariant merger. Lot of shares sold since the news broke on the merge. Too much down pressure for the stock to rise.
It'll settle in about 28.
New headquarters in Switzerland with the merged companies. USA corporate taxes dramatically reduced or eliminated. I think it is called an inversion merger.
It would seem the smart thing to do is to sell your Huntsman holdings and purchase Clariant stock considering the price difference.
Liquidated 1/2 the position today at $28 put in a $25.50 stop loss for the balance. Taking 25%+ profits while I have them. "Feed the needy not the greedy".
I see the shares are up in the after market after the close. Wish someone would explain why the market moved the shares like they did today. Was looking for a bounce up, and instead it bounced down, then up again in after market. Also, is there any there any chance of another offer or bid?
HUN crushes earnings expectations. Down almost 2%. This will correct eventually, but market stupidity in the short term can be frustrating.
MAY-2016 Huntsman Corporation NYSE : HUN Correlation Histogram
X axis : Stocks Price Correlation Coefficient Y axis : Quantity of stocks May-2016 1,000 Day Parameter 4,338 NYSE Stocks Price Analysis This stock mode of correlation coefficient is 0.3 In other words, the correlation coefficient of the other stocks
"I'm new in this stock (this week). Is anyone nervous because of John Huntsman leaving?" This is a company with an exceptional CEO and Chairman of the Board. They share the same name, Huntsman. Peter and John Huntsman, son and father. Two men with proven character and responsibility that have guided this company over the last several years through some difficult times. Shareholders have learned they can be confident that what management says is true and at all times they are aligned with shareholders.
I'm new in this stock (this week). Is anyone nervous because of John Huntsman leaving?
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HUN has just seen the last of the selling. Looks like a potential push higher with a performance % (quarter|performance % (q)|performance (quarter)} of 14.24%. Im not sure about you guys but awesomeSTO-CKS has provided me with some pretty good trade ideas. I messed up executing some of them but thats on me.