Olin Corp Announces Shareholder Approval of Merger with Huntsman

What Happened
Olin Corporation announced that its shareholders approved the merger agreements with Huntsman Corporation at a virtual special meeting held August 25, 2026. The companies entered into an Agreement and Plan of Merger on June 15, 2026 to pursue a merger-of-equals business combination, and based on shareholder votes and a joint press release the parties intend to implement the transaction through the Direct Merger, assuming all closing conditions are met.

Key Details

• Record date for the special meeting: July 9, 2026. Shares outstanding entitled to vote: 113,982,490. Shares present or represented: 95,428,141 (~84%), constituting a quorum.
• Proposal 1 (approve Direct Merger): For 92,038,804; Against 3,111,350; Abstained 277,987.
• Proposal 2 (approve Subsidiary Merger/issuance of Olin shares): For 91,954,959; Against 3,190,072; Abstained 283,110.
• Proposal 3 (advisory vote on executive compensation related to the transaction): For 87,862,384; Against 7,105,019; Abstained 460,738.
• Olin and Huntsman issued a joint press release on August 25, 2026 reporting preliminary special meeting results for both companies; an adjournment vote was solicited but not needed.

Why It Matters
Shareholder approval clears a major regulatory and corporate governance step toward closing the proposed merger, which will combine Olin and Huntsman in a merger-of-equals transaction. For investors, the votes indicate strong support for the merger and move the companies closer to implementation via the Direct Merger (subject to remaining closing conditions). The advisory "say-on-pay" vote passed but received higher opposition than the merger votes, which investors may watch for future governance and compensation discussions.