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Huntsman receives regulatory approval to close sale of Textile Effects division
The Fly

Huntsman receives regulatory approval to close sale of Textile Effects division

Huntsman announced that it has secured all regulatory approvals required to complete the sale of its Textile Effects division to Archroma, a portfolio company of SK Capital Partners. Both parties expect the transaction to close on February 28. The agreed purchase price was $593M in cash plus assumed pension liabilities, and Huntsman expects the net after tax cash proceeds to be approximately $540M before customary post-closing adjustments.

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