Jon Huntsman Funds Charitable Donations With Share Proceeds
THE WOODLANDS, Texas, Nov. 10 /PRNewswire-FirstCall/ -- Huntsman Corporation (NYSE: HUN) today announced that Jon M. Huntsman, its Executive Chairman of the Board of Directors and Founder, sold 400,700 shares of the company in order to honor long standing charitable commitments.
Jon M. Huntsman stated: "In order to fund philanthropic commitments, from time to time it is necessary that I monetize a portion of my investment in Huntsman Corporation. The sale of these shares represents a small portion of my total holdings in the company. I have tremendous confidence in the future growth prospects of Huntsman Corporation."
Huntsman is a global manufacturer and marketer of differentiated chemicals. Its operating companies manufacture products for a variety of global industries, including chemicals, plastics, automotive, aviation, textiles, footwear, paints and coatings, construction, technology, agriculture, health care, detergent, personal care, furniture, appliances and packaging. Originally known for pioneering innovations in packaging and, later, for rapid and integrated growth in petrochemicals, Huntsman has approximately 11,000 employees and operates from multiple locations worldwide. The Company had 2009 revenues of approximately $8 billion. For more information about Huntsman, please visit the company's website at www.huntsman.com.
Statements in this release that are not historical are forward-looking statements. These statements are based on management's current beliefs and expectations. The forward-looking statements in this release are subject to uncertainty and changes in circumstances and involve risks and uncertainties that may affect the company's operations, markets, products, services, prices and other factors as discussed in the Huntsman companies' filings with the U.S. Securities and Exchange Commission. Significant risks and uncertainties may relate to, but are not limited to, financial, economic, competitive, environmental, political, legal, regulatory and technological factors. The company assumes no obligation to provide revisions to any forward-looking statements should circumstances change, except as otherwise required by applicable laws.
SOURCE Huntsman Corporation
Released November 10, 2010