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Business
Huntsman Buys Rest of Unit
December 12, 2005
| A version of this story appeared in
Volume 83, Issue 50
Huntsman Corp. is paying SISU Capital and other small stakeholders $125 million for the 9.7% interest in Huntsman Advanced Materials it didn't already own. The business, formerly Vantico and, before that, Ciba Specialty Chemicals' epoxy resins business, will become a wholly owned subsidiary of Huntsman. The company says the move will simplify its reporting structure. Huntsman acquired control of Vantico in 2003 as part of its transaction with private equity firm MatlinPatterson.
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