Urethane Blog
Activist Buys Huntsman Shares
September 27, 2021
Starboard Value fund takes 8%-plus stake in Huntsman – WSJ
Sep. 27, 2021 5:27 PM ETHuntsman Corporation (HUN)By: Carl Surran, SA News Editor1 Comment
![Petrochemical Plant Illuminated at Dusk](https://static.seekingalpha.com/cdn/s3/uploads/getty_images/514620986/medium_image_514620986.jpg)
- Huntsman (NYSE:HUN) +3.8% post-market after the Wall Street Journal reports activist hedge fund Starboard Value has taken a stake of more than 8% in the company, which would be valued at $500M or more.
- Starboard also plans to seek changes to improve the company’s stock performance, according to the report, although the exact nature of the intended changes is not certain.
- Huntsman shares are little changed since the company’s IPO in 2005, closing today at $28.07 vs. $24.50 on its first day of trading, according to WSJ.
Sign Up for Email Updates
Everchem Updates Archive
Recent News
July 18, 2024
July 11, 2024
July 9, 2024