Chemical groups Huntsman, Clariant set to announce merger: sources
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Huntsman (HUN) Announces Merger with Clariant
May 22, 2017 5:42 AM EDTHuntsman Corporation (NYSE: HUN) and Clariant today announced that their Boards of Directors unanimously approved a definitive agreement to combine in a merger of equals through an all-stock transaction.
The merged company will be named HuntsmanClariant. On a pro forma 2016 basis1, the combination of both companies will create a leading global specialty chemical company with sales of approximately $13.2 billion, an adjusted EBITDA of $2.3 billion and a combined enterprise value of approximately $20 billion at announcement.
The combined entity will benefit from each other's strengths. It will have a significantly improved growth profile in highly... More
