Industry News, Mergers and Acquisitions

Investor Wants to Block $20B Clariant-Huntsman Deal, Swiss Group Remains ‘Fully Committed’ to Merger

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By: Anthony Locicero

Copy editor, New York Post

An investor said it has become Clariant’s largest shareholder – with a 15.1 percent stake – and will continue an attempt to block the Swiss chemical group’s proposed $20 billion merger with Huntsman.   White Tale Holdings – a Cayman Island-based partnership between hedge funds Corvex and 40 North – wrote a letter to Clariant’s board to explain its opposition. “Unfortunately, we remain convinced, and increasingly so, that the proposed merger is detrimental to Clariant ...

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