We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Hexion Sues Credit Suisse Over Failed Merger

Law360 (October 29, 2008, 12:00 AM EDT) -- Hexion Specialty Chemicals Inc., a unit of private equity firm Apollo Management LP, said Wednesday that it had sued affiliates of Credit Suisse Group AG and Deutsche Bank AG in an attempt to force the banks to fund its proposed $6.5 billion acquisition of Huntsman Corp.

The suit, filed in the Supreme Court of the State of New York, alleges that the banks breached their obligations under a financing commitment letter to fund the closing of the merger, according to Hexion.

“Both Hexion and Huntsman are...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.