Jon Huntsman Funds Charitable Donations With Share Proceeds
THE WOODLANDS, Texas, May 21, 2013 /PRNewswire/ -- Huntsman Corporation (NYSE: HUN) today announced that Jon M. Huntsman, its Executive Chairman and Founder, sold shares of the company in order to honor long standing charitable commitments.
Jon M. Huntsman stated: "From time to time, it is necessary to monetize a portion of my investment in Huntsman Corporation in order to fund philanthropic commitments, including a $100 million commitment to cancer research and the expansion of facilities at the Huntsman Cancer Institute. The Huntsman family continues to be the largest shareholder of Huntsman Corporation and the amount of shares expected to be sold approximates only 1% of Huntsman Corporation's outstanding shares. I am enthusiastic about opportunities available to the company to unlock value and have tremendous confidence in its future growth prospects."
Huntsman Corporation is a publicly traded global manufacturer and marketer of differentiated chemicals with 2012 revenues of over $11 billion. Our chemical products number in the thousands and are sold worldwide to meet the needs of consumers and manufacturers serving a broad range of end markets. We operate more than 75 manufacturing and R&D facilities in 30 countries and employ approximately 12,000 associates within our 5 distinct business divisions. 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 May 21, 2013