Huntsman Family Holdings Company Sells Some Shares
Shares Owned on Behalf of Chairman and CEO Not Included in Sale
THE WOODLANDS, Texas, March 21 /PRNewswire-FirstCall/ -- On March 21, 2007, a Form 4 filing was made with the Securities and Exchange Commission to report the sale of 1,200,000 shares of common stock held by Huntsman Family Holdings Company LLC.
The shares sold were for the benefit of Paul C. Huntsman and James H. Huntsman, each of whom is a son of Jon M. Huntsman, Chairman, and a brother of Peter R. Huntsman, President and CEO. These individuals are not employed by Huntsman Corporation. The shares sold represent less than 3% of the total shares controlled by the Huntsman Family.
No shares have been sold for the benefit of Jon M. Huntsman or Peter R. Huntsman since the initial public offering of Huntsman Corporation (NYSE: HUN) common stock in February 2005.
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 today has 14,000 employees and over 75 operations in 24 countries. The Company had 2006 revenues from all operations of over $13 billion.
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. In addition, the completion of any transactions described in this release is subject to a number of uncertainties and to negotiation and execution of definitive agreements among the parties and closing will be subject to approvals and other customary conditions. Accordingly, there can be no assurance that such transactions will be completed or that the company's expectations will be realized. 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 March 21, 2007