Activist investors scupper $20 billion Clariant-Huntsman merger

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Go back to Activist investors scupper $20 billion Clariant-Huntsman merger

Clariant, Huntsman (HUN) Abandon Planned Merger of Equals

October 27, 2017 6:15 AM EDT

Clariant (SIX: CLN) and Huntsman Corporation (NYSE: HUN) today jointly announced that they have mutually terminated their proposed merger of equals. The decision was unanimously approved by the Boards of Directors of Clariant and Huntsman.

Execution of merger at risk due to increased uncertainty of securing two-thirds majority by Clariant shareholdersTermination in the best interest of all stakeholdersClariant will continue to focus on its successful strategy to further strengthen its market position

In a joint statement, Peter R. Huntsman, President and CEO of Huntsman, and Hariolf Kottmann,... More