|Bid||23.36 x 1100|
|Ask||28.00 x 1800|
|Day's Range||23.00 - 23.49|
|52 Week Range||17.33 - 25.66|
|Beta (3Y Monthly)||2.31|
|PE Ratio (TTM)||N/A|
|Earnings Date||Feb 10, 2020 - Feb 14, 2020|
|Forward Dividend & Yield||0.65 (2.85%)|
|1y Target Est||26.38|
The newly acquired business will complement another spray polyurethane foam company that Huntsman Corp. acquired in 2018 for $350 million.
Huntsman Corporation (NYSE: HUN) today announces its agreement to acquire Icynene-Lapolla, a leading North American manufacturer and distributor of spray polyurethane foam (SPF) insulation systems for residential and commercial applications, from an affiliate of FFL Partners, LLC.
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In 2000 Peter Huntsman was appointed CEO of Huntsman Corporation (NYSE:HUN). This analysis aims first to contrast CEO...
Huntsman Corporation (NYSE: HUN) today announced that Peter Huntsman, Chairman, President and CEO, will address investors at the Citi 2019 Basic Materials Conference in New York City on Tuesday, December 3, 2019 at 9:30 a.m. ET. A live webcast, as well as the presentation slides, can be accessed at the time of the presentation via the webcast link at Huntsman's investor relations website, ir.huntsman.com. Upon conclusion of the live webcast, the webcast replay will be accessible via Huntsman's website.
(Bloomberg) -- When billionaire Jon Huntsman Sr. died last year at the age of 80, he left behind a wife, eight children, 56 grandchildren and 26 great-grandchildren.He also left a family office to help take care of them, as well as continue the clan’s charitable giving.Peter Huntsman, 56, focuses on running the publicly traded global chemical giant that bears the family name, while younger brother Paul works to diversify the family money beyond its reliance on Huntsman Corp. That includes making direct investments in a business that produces chemicals for U.S. Department of Defense and NASA rockets, as well as a Guam telecommunications firm that provides critical links to the militarily sensitive island.“A lot of families, particularly legacy families, may not have the experience in sourcing and executing transactions, and we still kind of have that in our DNA,” said Paul, 50, who started Huntsman Family Investments five years ago with his father. “We were like a merchant banker or PE fund during the 1980s and 1990s, because my father was basically a deal junkie.”Salt Lake City-based HFI was funded with more than $1 billion from family foundations and trusts, according to Huntsman Sr.’s memoir, “Barefoot to Billionaire: Reflections on a Life’s Work and a Promise to Cure Cancer.” A big chunk of the assets -- about $655 million in 2017 -- are from the Huntsman Foundation. The family wants to invest the foundation’s money to fund giving for generations to come.Like many family offices, the Huntsmans are increasingly looking to do direct deals, often tapping a network of wealthy families as co-investors. A UBS Group AG survey released in September found that 46% of 360 global family offices surveyed said they plan to put more money into direct private equity investments in the coming year, while 98% of 111 U.S. offices polled by Fidelity Family Office Services expected to maintain or increase direct investments over the next three to five years.HFI typically looks to invest between $25 million and $50 million, with a time horizon of 10 to 15 years, said Benjamin Wu, 31, a partner in the firm who earlier worked at RedBird Capital Partners. He invests alongside the Huntsmans using his own family’s money, much of which was made in real estate.“The risk-reward equation is very important to us, because ultimately this will fund the charitable endeavors of the foundation -- cancer research, mental health awareness,” Wu said. “It’s not just going to line family member’s pockets so it gives it a little more meaning.”The Huntsmans have a big presence in Utah. A devout Mormon, Huntsman Sr. married the daughter of a man who later became an apostle in the Church of Jesus Christ of Latter-day Saints. Both families trace their roots back to the 19th century Mormon pioneers who followed Brigham Young to the Salt Lake Valley. Huntsman served in mostly senior church leadership positions for more than 50 years.He and his wife Karen gave away about $1.5 billion in his lifetime, much of it to establish and support the Huntsman Cancer Institute on the campus of the University of Utah. His name is also on the university’s sports arena and other buildings around the state. The couple signed Warren Buffett’s giving pledge in 2010, promising to give their fortune to help cure cancer and support other causes.The Huntsman’s influence also has been felt beyond Utah’s borders. In the 1970s, Huntsman Sr. served as special assistant and staff secretary to President Richard Nixon and later briefly ran for governor of Utah.Jon Jr., a presidential candidate in 2012, worked in five White House administrations, including stints as ambassador to Singapore, China and Russia. The 59-year-old father of seven served as governor of Utah from 2005 to 2009, and recently announced he was running again next year. Paul, a father of eight, bought the Salt Lake Tribune in 2016. A recent Internal Revenue Service ruling that allows the struggling newspaper to become a non-profit means it cannot endorse political candidates.The family made several earlier attempts at diversification. In 2007, Huntsman Sr. tried to do so in one fell swoop by selling the family firm to Hexion, a chemical company backed by Leon Black’s Apollo Global Management Inc. He formed a private equity firm, Huntsman Gay Global Capital, with Paul and a partner to invest the proceeds.Hexion and Apollo then tried to back out of the deal, resulting in a court battle that ultimately led to a settlement of $1 billion for Huntsman Corp. from various parties. The private equity firm went ahead, but the Huntsmans largely bowed out in 2014.“We didn’t want to be constantly fund-raising and we’re contrarian in a way that institutional investors tend not to be comfortable with,” Paul said.In 2017, Huntsman Corp. and Switzerland-based chemical company Clariant AG agreed to merge, but opposition from activist investors scuttled the deal.Still, the Huntsmans successfully negotiated many deals over the decades, building a network of contacts around the globe. “A lot of opportunities come our way,” Paul said, referring to the family office.HFI’s first big deal -- the acquisition of American Pacific Corp. in 2015 -- was brought to it by a bank, Wu said. The Cedar City, Utah-based company is the sole producer of ammonium perchlorate, the primary oxidizing agent in solid propellant rockets, booster motors and missiles used for space exploration, commercial satellite launches and national defense, according to its website.“We looked at it as a specialty chemical business, but it ended up being more of an aerospace and defense business,” Paul said in an interview this month at a Goldman Sachs Group Inc. philanthropy forum in New York.The family office’s second major investment, GTA TeleGuam, arrived through different channels. “It came through a close friend we’d been working with on other transactions, out of Hong Kong,” Huntsman said.The telecom was owned by a Japanese private equity firm, which was having a hard time getting approval from U.S. regulators for a sale, given the number of critical government agencies that depended on it for communications services.Huntsman’s friend “needed a U.S. family, someone the Committee on Foreign Investment in the U.S. would agree to, since any sensitive asset that involves the national security of the country has to be approved by CFIUS,” he said. The Huntsmans partnered with local Guam families on the 2017 deal, terms of which weren’t disclosed.HFI’s focus on investments linked to national security wasn’t intentional, Huntsman said. But the office tends to like mature businesses that have good cash flow and high barriers to entry.“It’s very similar to how my father looked at the chemical businesses,” he said.(Adds Fidelity survey in sixth paragraph.)To contact the reporter on this story: Suzanne Woolley in New York at email@example.comTo contact the editors responsible for this story: Pierre Paulden at firstname.lastname@example.org, Steven CrabillFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Huntsman Corporation and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future.
One of the best investments we can make is in our own knowledge and skill set. With that in mind, this article will...
THE WOODLANDS, Texas, Nov. 5, 2019 /PRNewswire/ -- Huntsman Corporation (HUN) today announced that its board of directors has declared a $0.1625 per share cash dividend on its common stock. Huntsman Corporation is a publicly traded global manufacturer and marketer of differentiated and specialty chemicals with 2018 revenues more than $9 billion.
Most investors tend to think that hedge funds and other asset managers are worthless, as they cannot beat even simple index fund portfolios. In fact, most people expect hedge funds to compete with and outperform the bull market that we have witnessed in recent years. However, hedge funds are generally partially hedged and aim at […]
Huntsman (HUN) delivered earnings and revenue surprises of -2.38% and -4.29%, respectively, for the quarter ended September 2019. Do the numbers hold clues to what lies ahead for the stock?
THE WOODLANDS, Texas , Oct. 25, 2019 /PRNewswire/ -- Third Quarter Highlights Third quarter 2019 net income of $41 million compared to a net loss of $8 million in the prior year period; third quarter 2019 ...
Huntsman (HUN) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
In this article we are going to estimate the intrinsic value of Huntsman Corporation (NYSE:HUN) by taking the expected...
THE WOODLANDS, Texas, Sept. 30, 2019 /PRNewswire/ -- Huntsman Corporation (HUN) announced today that it has completed the previously announced acquisition of the remaining 50% interest in the Sasol-Huntsman maleic anhydride joint venture from Sasol. Huntsman now owns 100% of the entity with manufacturing assets located in Moers, Germany, and the capacity to produce 230 million pounds annually of maleic anhydride. Huntsman paid Sasol approximately $100 million, which includes acquired cash net of any debt and is subject to customary post-closing adjustments.
THE WOODLANDS, Texas , Sept. 24, 2019 /PRNewswire/ -- Huntsman Corporation (NYSE: HUN) will hold a conference call on Friday, October 25, 2019 , at 10:00 a.m. ET to discuss its third quarter 2019 financial ...
Swiss speciality chemicals maker Clariant must pay a 750,000 Swiss franc ($752,861) penalty for breaking publication rules in relation to its failed merger with U.S.-based Huntsman Corp., the SIX Swiss Exchange said on Thursday. Clariant announced the proposed merger on May 22, 2017. "However, on May 19, 2017, Clariant had already disclosed potentially price-sensitive information during trading hours to Swiss Radio and Television SRF as part of a television report which was being produced for the TV show ECO," the exchange said.
ISTANBUL, Turkey, Sept. 18, 2019 /PRNewswire/ -- This morning at approximately 11.14 a.m. local time, a fire started in a non-manufacturing area at the Huntsman EMA systems house in the Leather Organized Industrial Zone, Istanbul, Turkey. All employees and contractors are safe and accounted for and monitoring for any offsite environmental impacts is underway. The systems house produces polyols and blends polyols that are used in the manufacture of polyurethanes products.
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