Huntsman Announces $100M Accelerated Share Buyback

Huntsman Corporation

announced today that it has entered into an accelerated share repurchase agreement with Citibank, N.A. to repurchase $100 million of its common stock.  Citibank, N.A. will make an initial delivery of approximately 7.1 million shares of Huntsman Corporation common stock based on the closing price of $11.94 on October 27, 2015.  The final number of shares to be repurchased and the aggregate cost per share will be based on Huntsman's daily volume-weighted average stock price during the term of the transaction, less a discount.  Subject to customary adjustments, the accelerated share repurchase transaction is scheduled to be completed early in the first quarter of 2016. In September 2015, the Huntsman Board of Directors authorized the repurchase of $150 million of stock. The Company intends to utilize the remaining $50 million available under this authorization to purchase shares in the open market from time-to-time. About Huntsman:Huntsman Corporation is a publicly traded global manufacturer and marketer of differentiated chemicals with 2014 revenues of approximately $13 billion including the acquisition of Rockwood's performance additives and titanium dioxide businesses. Our chemical products number in the thousands and are sold worldwide to manufacturers serving