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Huntsman Ends Discussions on Sale of Company
Posted: February 15, 2006
After careful review of the proposals received, the board of directors and its special committee has concluded that none of the proposals were in the best interests of the shareholders.
Jon M. Huntsman, founder and Huntsman chairman, said: “While the last proposals were above the price of our IPO last year I believe they were not adequate, particularly in light of the risks, uncertainties and extended timing of the proposed transactions.”
President and CEO Peter Huntsman commented, “Like other companies located on the