Huntsman Corporation (HUN)

[eastunder]

Huntsman Rises After DealReporter Says It Hired Bank
By Jack Kaskey - Apr 2, 2012 12:33 PM MT

http://www.bloomberg.com/news/2012-04-02/huntsman-rises-after-dealreporter-says-it-hired-bank.html?cmpid=yhoo

Huntsman Corp. (HUN), the U.S. chemicals producer founded by Jon Huntsman Sr., rose the most in three weeks after DealReporter said it hired Bank of America Corp. to explore a potential sale of the company.

Huntsman rose 5.6 percent to $14.79 as of 2:20 p.m. in New York. Earlier it climbed as much as 6.1 percent, the biggest intraday gain since March 8.

DealReporter cited two people in the industry whom it didn’t identify. Gary Chapman, a spokesman for Huntsman, which is run from Salt Lake City and The Woodlands, Texas, declined to comment in an e-mail.

Jon Huntsman Sr. said in a March 8 investor presentation that he’d pursue a sale of the company “at the right price” because it’s being undervalued by the market.

To contact the reporter on this story: Jack Kaskey in Houston at [e-mail]