Huntsman Corporation (NYSE:HUN) Files An 8-K Other EventsItem 8.01 — Other Events.
On December3, 2018, Huntsman (Holdings) Netherlands B.V. (“Huntsman Holdings”), a wholly-owned subsidiary of Huntsman Corporation (the “Company”), entered into a post-paid share sale transaction (the “Transaction”) with Bank of America N.A. (“Dealer”).
to the Transaction, Huntsman Holdings sold an aggregate of 4,334,389 ordinary shares (the “Ordinary Shares”) of Venator Materials PLC to Dealer at a price to be determined based on the average of the daily volume weighted average price of the Ordinary Shares over an agreed period. The Transaction immediately allows the Company to deconsolidate Venator Materials PLC.
Huntsman Holdings delivered the Ordinary Shares to the Dealer on or about December3, 2018. Payment by Dealer to Huntsman Holdings for the Ordinary Shares will occur in increments during the first quarter of 2019.
About Huntsman Corporation (NYSE:HUN)
Huntsman Corporation is a manufacturer of differentiated organic chemical products and of inorganic chemical products. The Company operates all of its businesses through its subsidiary, Huntsman International LLC (Huntsman International). It operates in five segments: Polyurethanes, Performance Products, Advanced Materials, Textile Effects, and Pigments and Additives. Its Polyurethanes, Performance Products, Advanced Materials and Textile Effects segments produce differentiated organic chemical products, and its Pigments and Additives segment produces inorganic chemical products. Its products consist of a range of chemicals and formulations, which the Company markets to consumer and industrial customers. Its products are used in a range of applications, including those in the adhesives, aerospace, automotive, construction products, personal care and hygiene, electronics, medical, packaging, paints and coatings, power generation, synthetic fiber, textile chemicals and dye industries.
