Huntsman (HUN) slides 17.9% as all-stock Olin merger terms reset implied value

Huntsman Corporation (HUN) is down 17.9% today. Here is some analysis on what might have caused this price movement.

Analysis: The selloff appears tied to Huntsman’s announced all-stock merger of equals with Olin, which effectively anchors HUN’s near-term value to Olin’s share price via a fixed exchange ratio. With Olin trading lower on the day and investors discounting deal risk and integration uncertainty, HUN likely repriced toward the implied takeout value typical of merger-arbitrage dynamics.

Details:

Huntsman and Olin announced a definitive all-stock “merger of equals,” with the combined company expected to be renamed OlinHuntsman Corporation after closing.

Under the announced terms, Huntsman shareholders would receive 0.5476 shares of Olin for each HUN share, implying HUN will tend to trade as a “stub” of Olin until the deal outcome is clearer.

The companies highlighted more than $400 million of identified cost synergies and integration benefits, alongside governance plans that put Olin’s CEO as CEO of the combined company and Huntsman’s CEO as non-executive chair.

The transaction is targeted to close in the first half of 2027, subject to customary conditions including regulatory and shareholder approvals.

Sources:

SEC EDGAR, PR Newswire, Investing.com

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

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$HUN Hedge Fund Activity

We have seen 222 institutional investors add shares of $HUN stock to their portfolio, and 189 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

PRICE T ROWE ASSOCIATES INC /MD/ added 7,490,190 shares (+6014.2%) to their portfolio in Q1 2026, for an estimated $99,694,428
BLACKROCK, INC. removed 5,395,046 shares (-29.9%) from their portfolio in Q1 2026, for an estimated $71,808,062
CHARLES SCHWAB INVESTMENT MANAGEMENT INC removed 4,671,263 shares (-67.0%) from their portfolio in Q1 2026, for an estimated $62,174,510
BOSTON PARTNERS added 3,147,899 shares (+1622.0%) to their portfolio in Q1 2026, for an estimated $41,898,535
AMERICAN CENTURY COMPANIES INC added 2,739,662 shares (+181.1%) to their portfolio in Q1 2026, for an estimated $36,464,901
GOLDMAN SACHS GROUP INC added 2,538,536 shares (+300.1%) to their portfolio in Q1 2026, for an estimated $33,787,914
DEPRINCE RACE & ZOLLO INC removed 2,335,295 shares (-100.0%) from their portfolio in Q4 2025, for an estimated $23,352,950

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.

$HUN Price Targets

Multiple analysts have issued price targets for $HUN recently. We have seen 7 analysts offer price targets for $HUN in the last 6 months, with a median target of $14.0.

Here are some recent targets:

Michael Sison from Wells Fargo set a target price of $14.0 on 05/05/2026
Angel Castillo from Morgan Stanley set a target price of $15.0 on 05/05/2026
Arun Viswanathan from RBC Capital set a target price of $15.0 on 05/04/2026
Patrick Cunningham from Citigroup set a target price of $16.0 on 05/04/2026
Joshua Spector from UBS set a target price of $14.0 on 02/19/2026
Jeffrey Zekauskas from JP Morgan set a target price of $14.0 on 02/19/2026
John Roberts from Mizuho set a target price of $9.0 on 02/18/2026

This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.