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Firms abandon merger plans.
October 27, 2017
By: Christine Esposito
Editor-in-Chief
Clariant and Huntsman Corporation today jointly announced that they have mutually terminated their proposed merger of equals. The decision was unanimously approved by the boards of directors at both companies. The firms announced their intent in May. White Tale Holdings, which had increased its take in Clariant in excess of 20%, was opposed to the plan. In a joint statement, Peter R. Huntsman, President and CEO of Huntsman, and Hariolf Kottmann, CEO of Clariant, stated: “We remain c...
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