Company News, Financial News

Clariant Remains Committed to Huntsman Merger

White Tale Holdings increase stake in firm and sends formal letter against proposed deal.

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By: Christine Esposito

Editor-in-Chief

White Tale Holdings, the Cayman Island-based vehicle created by hedge funds Corvex and 40 North, has increased its stake in Clariant to above 15%, and has stated that it maintains its opposition to the merger of equals between Huntsman and Clariant.  Clariant said it does not agree with White Tale's statements, which made in a open letter that was sent to its board.  In a statement released yesterday to the press, Clariant said:  “To the contrary we are convinced that: The propos...

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