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AET rejects Huntman proposal

Applied Extrusion Technologies, Inc. announced Aug. 14 that its Board of Directors had unanimously rejected the unsolicited and conditional proposal of Huntsman Packaging Corp.
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FILED IN:  Machinery  > Labeling
     

to acquire all of the outstanding Common Stock of AET for a cash price of $10.50 per share. At press time Huntsman upped it's offer to $12.50 per share. AET is a developer and manufacturer of specialized plastic films used primarily in consumer product labeling flexible packaging and health care applications.

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