Huntsman Shareholder Sues Hexion

Hexion Specialty Chemicals, the Apollo Management-backed business in a battle over its proposed takeover of Huntsman Corp, is being sued by a Huntsman shareholder who claims that Hexion should have disclosed its concerns about Huntsman's performance. Apollo and Hexion tried to back out of the agreed $10.6 billion merger based on those concerns; the companies filed suit against each other.