Synthetics Industry
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The Synthetics Industry's Huntsman Corp. (HUN) was InvestorGuide.com's Stock of the Day on 2/6/2006.
Huntsman Rejects Potential Buyers
Huntsman Corp. which recently indicated that it was exploring options to sell itself to a private equity firm yesterday announced that all such talks had broken down and the company was no longer on the block. The stock was down over 10% in electronic trading before the opening bell today as investors ran away from a company that they had bid up in recent days on speculation of a buyout. So why did the deal fall through and more importantly, is it possible that another suitor will emerge in the future and buy the world's fourth largest chemical maker out making traders who sold Huntsman's stock today regret their decision?Read more
Click here to see the complete Stock of the Day archives!
Huntsman Rejects Potential Buyers
Huntsman Corp. which recently indicated that it was exploring options to sell itself to a private equity firm yesterday announced that all such talks had broken down and the company was no longer on the block. The stock was down over 10% in electronic trading before the opening bell today as investors ran away from a company that they had bid up in recent days on speculation of a buyout. So why did the deal fall through and more importantly, is it possible that another suitor will emerge in the future and buy the world's fourth largest chemical maker out making traders who sold Huntsman's stock today regret their decision?Read more
Click here to see the complete Stock of the Day archives!
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