Venator Materials PLC (NYSE: VNTR) ("Venator") announced today that Barry B. Siadat, Aaron C. Davenport and Heike van de Kerkhof have been elected as new members to its Board of Directors.
Venator Materials PLC (NYSE: VNTR) ("Venator") announced today that funds advised by SK Capital Partners, L.P. have closed on the previously announced agreement to purchase approximately 42.4 million shares, representing just under 40% of Venator's outstanding shares, from Huntsman Corporation (NYSE: HUN) for a purchase price of approximately $100 million. The agreement also includes a 30-month option pursuant to which SK Capital can elect to purchase Huntsman's remaining approximate 9.7 million shares.
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 […]