Huntsman secures albemarle's agreement to pay full arbitration award of $665 million

The woodlands, texas, nov. 5, 2021 /prnewswire/ -- huntsman corporation (nyse: hun) announced today that albemarle had agreed to accelerate payment of the award huntsman received in a recent arbitration case. under the agreement reached after discussions directly between the two companies' ceos, albemarle will pay huntsman $665,000,000 in two equal installments, the first of which will be made before december 3, 2021, and the second one before may 2, 2022.
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