OLIN and HUNTSMAN Shareholders Approve Transformative Merger of Equals

The companies said on Aug. 25 that shareholders at both Olin and Huntsman approved the proposals required to complete their previously announced all-stock merger of equals. The announcement came from Clayton, Missouri and The Woodlands, Texas, through PR Newswire, but did not provide a closing date or additional transaction terms in the supplied material.

The approved deal directly links OLN and HUN, with the combined business bringing together Olin's $6.8B of FY 2025 revenue and Huntsman's $5.7B. Olin reported +3.7% YoY revenue growth, while Huntsman's revenue was -5.8% YoY; both companies reported negative net margins and negative diluted EPS in the enrichment data.

The next read-through is the remaining path to closing and the new company's ability to improve profitability after completion. Investors will need further detail on timing, integration, the final ownership structure and how management addresses the earnings weakness reflected in both companies' latest figures.