If I were a betting man I'd say that this merger will be successfully scuttled by the White Tale Holdings crew. They have >15% of the outstanding shares of Clariant... Clariant needs 66% of all shares out to vote for the merger... the last shareholder meeting only 58% of all outstanding shares voted! They (White Tale) are highly motivated to stop this and the numbers are VERY challenging.
So - looks like HUN will be getting a $60MM windfall in early 2018! For many other reasons, the failure of the merger is a good thing for everybody.
So has there been any word on when they expect the merger to close?
"Under the terms of the proposed deal, Clariant shareholders would own 52 percent of the combined company. Huntsman shareholders, including its eponymous founding family, would own the rest. Huntsman investors would receive 1.2196 shares in the combined company for each Huntsman share they own."
HUN, looks to be overvalued at this price check out Awe.Some.Sto-ck.s, its a pretty reliable service. of course you have to do your own due diligence, but they generally point you in the right direction.
Does anyone know how many shares of Venator holders of Huntsman will receive?
If the Hun merger gets scuttled..I hope they protected themselves with a huge break up fee....( you can ask Apollo about that one)
Zacks investment marked them sell few weeks ago I sold my position and looks like it wasn't good move. I don't think zacks knows what's going on
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
CC announced a new TiO2 price increase last week. I suspect that was part of the reason for the nice upward move today. EVen after the IPO, HUN will still own 80% of Venator unless I am mistaken, so it still has substantial upside from an operation that will continue to be consolidated.
The trading setup for HUN looks very enticing. I started receiving notifications from AWEsome.STOCKS the other week and so far they have presented interesting new trade ideas.
If we are to go off the RSI then you could argue that a pull back next day or so could occur on HUN before rallying up. I started receiving notifications from awesome.stocks the other week and so far they have presented interesting new trade ideas.
Huntsman really hung an albatross around the necks of HUN shareholders with this merger. Huntsman stock is in a free fall because it is now tied to Clariant stock. When the merger is complete Huntsman stock will cease to exist and Huntsman shareholders will each get 1.21 shares of Huntsman/Clariant stock. This is basically a 20% premium over Clariant which means we should expect Huntsman to bottom around $24.00 , which is a 20% premium over what Clariant is trading for. Based on forward EBITDA Huntsman should valued at about a 40% premium over Clariant. This merger also should never have been nogotiated before the Venator spin. Huntsmans would have been much stronger after the Venator spin and now with the merger with Clarion, Hunstman will not get to see what value the spin gives and Huntsman shareholders will never see any benefit from it. At this point there is no point or benefit too HUN shareholders by spinning Venator. Instead Hunstman decides to get in bed with a dog with fleas (Clariant) and Huntsman shareholders gets to walk away with an STD.
Finally showing some life.
Slow mover. Ratings Very High. It'll get there.
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?
Next Earnings Call Mid-July. Should be a nice Spike up into 30's.
A little rough going right now. But still Strong Buy or Buy by Zacks,Fidelity , Jim Cramer and TDA. Some Hold ratings. I believe it'll be OK Long.
Consolidation. It takes some time.
Disappointing erosion from opening till now
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.