The Urethane Blog

Activist Buys Huntsman Shares

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
Bim/E+ via Getty Images
  • 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.

https://seekingalpha.com/news/3745083-starboard-value-fund-takes-8-plus-stake-in-huntsman-wsj?mail_subject=hun-starboard-value-fund-takes-8-plus-stake-in-huntsman-wsj&utm_campaign=rta-stock-news&utm_content=link-3&utm_medium=email&utm_source=seeking_alpha