Venator Materials ("Venator"), a wholly-owned subsidiary of Huntsman, has publicly filed a registration statement.
Huntsman Corporation (NYSE: HUN) announced today that Venator Materials ("Venator"), a wholly-owned subsidiary of Huntsman, has publicly filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission (the "SEC") for a proposed initial public offering of its ordinary shares. Once separated from Huntsman, Venator will own Huntsman's Titanium Dioxide and Performance Additives businesses. Venator's products comprise a broad range of pigments and additives that bring color and vibrancy to buildings, protect and extend product life and reduce energy consumption.
All the ordinary shares to be sold in the offering will be offered by Huntsman, as selling shareholder. The date, number of ordinary shares to be offered, and the price range for the offering have not yet been determined. The offering is expected to commence in 2017, subject to, among other things, completion of the SEC review process and suitable market conditions.
The registration statement on Form S-1 filed with the SEC has not yet become effective and the ordinary shares to be registered may not be sold nor may offers to buy be accepted prior to the time when the registration statement becomes effective. Copies of the registration statement can be accessed through the SEC's website at www.sec.gov. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
For further information: www.huntsman.com
Source: Huntsman