Reuters logo
BRIEF-Clariant reconfirms commitment to planned merger between Huntsman and Clariant
September 19, 2017 / 7:07 PM / in a month

BRIEF-Clariant reconfirms commitment to planned merger between Huntsman and Clariant

Sept 19 (Reuters) - Clariant Ag

* Clariant reconfirms its full commitment to the planned merger of equals between Huntsman and Clariant and reiterates its strong strategic rationale

* Clariant - White Tale’s open letter does not contain any additions to claims previously made

* Clariant - Board reconfirms decision planned merger is best value creating option for all stakeholders and will, not deviate from binding agreement

* Clariant does not agree with the statements made by White Tale in their open letter

* Confirms that its board has received a letter from White Tale holdings

* Clariant AG - Cost synergies will be in excess of USD 400 million P.A.

* According to letter, White Tale has increased its stake in Clariant above 15 percent

* In addition, White Tale has stated that it maintains its opposition to merger of equals between Huntsman and Clariant Source text for Eikon: Further company coverage:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below