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  "documentTitle": "Huntsman Corporation (HUN)",
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      "text": "Adjusted EBITDA declined over 40% after acquiring Rockwood's TiO2 business",
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      "text": "Huntsman Actual Pigments Adjusted EBITDA vs. Initial Target at Time of Rockwood Transaction",
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      "text": "Adjusted EBITDA in the Company's TiO2 segment also declined significantly in the years following completion of the Rockwood TiO2 transaction.",
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      "text": "It is our intention within the 24-month period to be able to take this combined business, this pigments business... and have a normalized EBITDA in excess of $0.5 billion",
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      "text": "It is our intention within the 24-month period to be able to take this combined business, this pigments business... and have a normalized EBITDA in excess of $0.5 billion — Peter Huntsman, President & CEO, September 2013",
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      "text": "Source: Public company filings, presentations, and transcripts. (1) Pro forma financials as if Rockwood TiO2 acquisition had been completed on January 1, 2014.",
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      "text": "Adjusted EBITDA Also Failed to Reach the Company's Stated Target",
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