Experience

Hexion Specialty Chemicals, Inc., et. al. v. Huntsman Corp

Young Conaway’s Corporate Counseling and Litigation section recently assisted in the representation of Huntsman Corporation (a global manufacturer and marketer of differentiated chemicals) in the Court of Chancery of the State of Delaware. The court sided with Huntsman in its attempt to prevent Hexion Specialty Chemicals (a portfolio company of Apollo Management, L.P.) from withdrawing from a $10.6 billion merger agreement. The court also found that Hexion had breached a number of obligations and covenants under the Merger Agreement, and that such breaches were "knowing and intentional."