Huntsman announced EC to proceed with investigation into Rockwood business Huntsman announced that it expects the European Commission to proceed with an in-depth investigation into Huntsman's proposed acquisition of Rockwood's Performance Additives and Titanium Dioxide businesses. The Commission would have up to 125 working days to make a final decision on whether the proposed transaction would significantly impede effective competition in the European economic area.
Huntsman sees FY14 CapEx $550M Sees FY15 base CapEx about $525M. Sees FY effective tax rate 30%. Says plans to refinance debt as practical. Says confident in ability to deliver $130M in annual synergies from acquisition of Rockwood (ROC) units. Looks to achieve $2B of EBITDA within next few years. Comments made on the Q3 earnings conference call. Huntsman shares are down 5.06% to $23.24 in morning trading.