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Foundation Buys $10.3 Million in Huntsman Shares

May 26, 2010
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The Huntsman Cancer Foundation purchases of $10.3 million worth of stock in chemical manufacturer Huntsman Corp., according to the Associated Press. The foundation purchased 1.1 million shares at an average share price of $9.324 per share. Huntsman Corp. Executive Chairman Jon Huntsmen recommended that the foundation''s board purchase the shares. In addition, the trustees of Jon Huntsman''s grandchildren''s trusts purchased 250,000 shares in the Salt Lake City manufacturer at an average price of $9.065 per share.

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