STARBOARD DELIVERS OPEN LETTER TO HUNTSMAN STOCKHOLDERS
Highlights Company's History of Failed Operational Execution, Long-Term Share Price Underperformance, Missed Promises, Poor Governance and Compensation Practices, and Problematic ESG Practices Urges Stockholders Not to Be Fooled by Huntsman's Latest Round of Investor Day Promises Believes Company's Ill-Planned and Reactive Board Refreshment Process and Recent Attempts to Disenfranchise Stockholders Underscores the Need for New Independent Board Members Urges Stockholders to Demand Accountability and Operational Excellence by Voting FOR Starboard's Slate of Highly-Qualified and Experienced Nominees on Starboard's BLUE Proxy Card TODAY
Tweet
Share
E-mailGet Alerts HUN Hot Sheet
Join SI Premium – FREE
NEW YORK, March 4, 2022 /PRNewswire/ -- Starboard Value LP (together with its affiliates, "Starboard" or "we"), one of the largest stockholders of Huntsman Corporation (NYSE: HUN) ("Huntsman" or the "Company"), with an ownership interest of approximately 8.8% of the Company's outstanding shares, today announced that it has delivered an open letter to Huntsman stockholders detailing why the election of Starboard's slate of four highly-qualified and experienced nominees at the Company's upcoming 2022 Annual Meeting of Stockholders is critical to drive accountability and demand operational excellence at Huntsman.
The full text of Starboard's open letter to Huntsman stockholders can be viewed at the following link:
https://shareholdersforhuntsman.com/shareholder-materials/letter-3-3-22/
About Starboard Value LPStarboard Value LP is a New York-based investment adviser with a focused and differentiated fundamental approach to investing primarily in publicly traded U.S. companies. Starboard seeks to invest in deeply undervalued companies and actively engage with management teams and boards of directors to identify and execute on opportunities to unlock value for the benefit of all stockholders.
Investor contacts:
Gavin Molinelli, (212) 201-4828Patrick Sullivan, (212) 845-7947 www.starboardvalue.com
Okapi PartnersBruce H. Goldfarb/Patrick McHugh(212) 297-0720
View original content:https://www.prnewswire.com/news-releases/starboard-delivers-open-letter-to-huntsman-stockholders-301495807.html
SOURCE Starboard Value LP
Create E-mail Alert Related Categories
PRNewswire, Press ReleasesRelated Entities
Starboard ValueSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
