Kirkland Advises Huntsman on Merger of Equals with Olin
Kirkland & Ellis advised Huntsman Corporation (NYSE: HUN) on a definitive agreement to combine in an all-stock merger of equals with Olin Corporation (NYSE: OLN) to create a leading North American chemicals company. Together Olin and Huntsman would have 2025 revenue of approximately $12.5 billion on a combined company basis. The combined organization will be renamed OlinHuntsman Corporation following the close of the transaction, which is expected in the first half of 2027, subject to the satisfaction of customary closing conditions, including receipt of required regulatory approvals and the approval of Olin’s shareholders and Huntsman’s shareholders. The combined company will benefit from enhanced scale, scope and expanded chlorine optionality, enabling it to create value across markets and cycles. Upon completion of the transaction, Olin shareholders will own approximately 54.5% and Huntsman shareholders will own approximately 45.5% of the combined company.
Read the transaction press release
The Kirkland team included corporate lawyers Rachael Coffey, Brittney Scheier, Lilly Rohan, Daniel Wolf, Grace Slicklen, Caraline Higgins, Bella Parise, Ben Samway and Arjun Mocherla; executive compensation lawyers Stephen Jacobson, Karsten Busby, James Sprague and Anna Haynes; tax lawyers Adam Kool, Olivia Schmertzler and Anna Gleason; antitrust & competition lawyers Ian John, Stephen Mohr, Jeffrey Ayer, John Smaltz, Catherine Kordestani, Lauren Taylor and Brady Sweet; capital markets lawyers Ross Leff, Sarah Lipinski, Sarah Yang and Lauren Au; debt finance lawyers Rachael Lichman, Layton Bell, Daly C.S. Brower and Abigail Wallin; environmental transactions lawyers Paul Tanaka, James Dolphin, Caitlin Meagher-Kreisel and Brynn Furey; litigation lawyers Don Hong, Adelaide Daughtridge and Matt Moore; technology & IP transactions lawyers Daisy Darvall, Martin Schwertmann and Dan Sotos; employee benefits lawyers Alex Clark and Grant Rasmussen; employment & labor lawyers Christie Alcala and Jon Link; government contracts lawyers Brad Jorgensen and Andrew Current; government & internal investigations lawyers Nick Niles, Jason Klein and Shawn Xuyuan Yang; international trade & national security lawyers Erika Krum and Laura Beuls; tax regulatory lawyers Sam Kamyans, Dylan White and Scott La Rochelle; derivatives lawyers Brett Ackerman; and real estate lawyer Jennifer Sheehan.
