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European Commission Approves Huntsman Merger

Jul 2 2008

Huntsman Corporation announced that the European Commission has approved the proposed merger between Hexion and Huntsman contingent on, among other things, divestment of a portion of Hexion's global specialty epoxy resins business to a purchaser approved by the European Commission.

Peter Huntsman, President and CEO, stated, "We believe this step ratifies our view that regulatory approval for our transaction can move forward and repeat our request that Hexion promptly move to fully comply with the European Commission's conditions for approval and take any and all other actions necessary to obtain all required regulatory approvals, including from the FTC."

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