Industry News, Mergers and Acquisitions, Suppliers News

Investors Buy Stake in Clariant in Bid to Halt Huntsman Merger

Activist investors reportedly seek ways to further unlock value from Clariant’s businesses.

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By: DAVID SAVASTANO

Editor, Ink World Magazine

According to reporting by Reuters, activist investor Keith Meister’s Corvex hedge fund and New York’s 40 North have taken a 7.2% stake in Clariant to fight the Swiss chemical maker’s planned merger with Huntsman Corp.   “There are excellent opportunities to unlock value from the many high quality businesses that currently comprise Clariant,” said a spokesman for White Tale, the vehicle created to buy the stake. “Unfortunately, we do not believe that the proposed merger with the Huntsman Corpor...

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