Olin Corp. and Huntsman Corp.’s Shareholders Approve $12.5 Billion Chemicals Merger

Olin Corp. and Huntsman Corp.’s shareholders have approved the companies’ proposed all-stock merger, clearing a major hurdle toward combining two global chemical suppliers with $12.5 billion in annual revenue.

About 97% of votes cast by Olin shareholders supported the transaction at a special meeting Aug. 25, representing 81% of the company’s outstanding shares. About 99% of votes cast by Huntsman shareholders approved the deal, representing 75% of its outstanding shares, according to preliminary voting results.

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