IPO for Huntsman Corporation’s spin-off (TiO2) expected soon

Huntsman Corporation announced—contrary to a previous statement—that it has decided to retain the Textile Effects business and exclude it from its new spin-off, which will be named Venator Materials. The new company will take over the whole businesses of the TiO2 and Performance Additives segments, which have annual revenues of $1.53bn and $0.572bn respectively. Venator will be listed (NYSE) in the second half of 2017. (Source Huntsman)