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Non-Tech : Bill Wexler's Trading Cabana

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To: cubsfan who wrote (3854)	7/24/2008 5:21:20 PM
From: RockyBalboa	Read Replies (1) of 6370

HUN nice, 14.20 I have not seen this price for a long time. I get out after a more than 20% profit on average, soon....I did not buy exacly cheap. PHILADELPHIA, July 24 (Reuters) - Chemicals maker Huntsman Corp (HUN.N: Quote, Profile, Research, Stock Buzz) on Thursday said it had been approached by potential investors offering funding to finance its $6.5 billion takeover by Apollo Management and its Hexion Specialty Chemicals unit. Hexion has claimed that the deal is no longer feasible because of Huntsman's increased net debt, saying the combined company would be insolvent if the deal were to proceed under the agreed terms. In a letter to Hexion, Huntsman said potential investors "have suggested that they would be willing to provide financing to Hexion ... in order to facilitate the closing of the merger and provide the post-merger Hexion with additional working capital." Huntsman asked permission to provide confidential information to these potential investors, who were not identified.

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