Kirkland Advises American Securities on Acquisition of Hexion Holdings

Kirkland & Ellis advised American Securities on its agreement to acquire Hexion Holdings Corporation ("Hexion Holdings"), a global leader in thermoset resins, for $30.00 per share in cash. The transaction is expected to close in the first half of 2022, following and conditioned upon the closing of Hexion Holdings’ previously announced sale of its Epoxy business to Westlake Chemical Corporation (NYSE: WLK) ("Westlake"), shareholder and regulatory approvals and satisfaction of other customary closing conditions.

Read the transaction press release

The Kirkland team was led by corporate partners Michael Weisser and Duncan Enista and associates Rex Hupy, Authur Holland, Adithya Sharma and Sam Harris, debt finance partners Melissa Hutson and John Ilardo and associate Charles Kilgore, capital markets partner Michael Kim, tax partners Mark Schwed and Timothy Campany, and executive compensation partners Michael Krasnovsky and Jabir Yusoff and associate Carly Rhodes.