Olin, Huntsman Shareholders to Vote on Merger on August 25

According to the final joint proxy statement released on July 13, shareholders of Olin Corp. (headquartered in Clayton, Missouri) and Huntsman Corp. (headquartered in The Woodlands, Texas) will vote on August 25 on the proposed merger between the two companies. The two companies will each hold special meetings for the vote, with Olin’s meeting scheduled for 8:00 a.m. Central Time, and Huntsman’s meeting to be held one hour later.

Olin and Hunstman announced the all-stock, equal merger on June 16. The merger registration documents submitted by Olin on July 2 were declared effective by the U.S. Securities and Exchange Commission on July 13.

On the same day, Olin and Huntsman also sent shareholders a Q&A document regarding merger-related issues.

The document states: “In addition to more than $400 million of cost synergies and integration benefits, we expect to generate revenue synergies that are not included in these forecasts. For example, the vertical integration of Huntsman’s amines business with Olin’s ethylene dichloride (EDC) and caustic soda is expected to make the combined enterprise one of the lowest-cost amines producers globally, thereby enhancing growth opportunities in high-performance amines, enabling the combined company to deliver greater value to global customers while improving returns on Olin’s EDC production.”

The document further outlines the benefits of raw material integration, estimating that after the expiration of the current third-party supply agreements at Hexion's facility in Geismar, Louisiana, starting in 2031, these benefits will exceed $100 million.

The document states: “These savings are primarily attributable to leveraging existing pipeline infrastructure to convert chlorine and caustic soda into internal supply for the production of methylene diphenyl diisocyanate (MDI). This integration will expand downstream outlets for chlorine, increase chlor-alkali unit utilization, free up more caustic soda for external sales, and strengthen OlinHuntsman’s cost-advantaged position.”