Huntsman confirms acquisition interest
Huntsman Corporation has confirmed that in late 2005 it received an indication of interest regarding an acquisition of all of the outstanding stock of the Huntsman Corporation.
In response to this, the board of directors engaged financial and legal advisors to assist it in evaluating a sale of the company and other alternatives to enhance shareholder value. It also formed a special committee with authority to make a recommendation concerning any potential sale. As part of this process, the company has contacted, obtained proposals from, and held discussions with, a limited number of potential acquirers or merger partners.