News Releases

Baker Botts’ Top-Ranked Antitrust Group Represents Indorama Ventures Ltd. in $2.0 Billion Acquisition of Huntsman’s Specialty Chemicals Business

Release

WASHINGTON D.C., August 7, 2019 – Baker Botts L.L.P., a leading energy and technology law firm, today announced that it is representing Indorama Ventures Ltd. for antitrust clearances globally in its planned acquisition of the integrated oxides and derivatives businesses of Huntsman. The two companies today announced that they have entered into a definitive agreement under which Indorama would acquire these assets for $ 2.0 billion plus assumption of certain obligations. The press release can be found here.

The Baker Botts team is led by partners Michael Perry and Steve Weissman, assisted by counsel David Cardwell and associate Timothy Singer. All are located in the Washington, DC office, except for Brussels-based Cardwell. The same Baker Botts attorneys were part of the team that represented Indorama last year on the FTC’s conditional approval of Corpus Christi Polymers, LLC, Indorama’s joint venture with other PET resin producers to purchase a future state-of-the art PET resin production facility from M&G Resins out of bankruptcy. See details here.

Mr. Perry previously served as Counsel to the Federal Trade Commission Bureau Director (2014-2016) and Mr. Weissman previously served as Deputy Director for the FTC’s Bureau of Competition (2013-2015).

 

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Baker Botts is an international law firm of approximately 725 lawyers practicing throughout a network of 14 offices around the globe. Based on our experience and knowledge of our clients' industries, we are recognized as a leading firm in the energy and technology sectors. Throughout our 179-year history, we have provided creative and effective legal solutions for our clients while demonstrating an unrelenting commitment to excellence. For more information, please visit bakerbotts.com.

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