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Clariant and Huntsman Merge Operations

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By: TOM BRANNA

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Clariant and Huntsman Corporation have announced an agreement to combine in a merger of equals through an all-stock transaction. The merged company will be named HuntsmanClariant. On a pro forma 2016 basis, the combination of both companies will create a leading global specialty chemical company with sales of approximately $13.2 billion, an adjusted EBITDA of $2.3 billion and a combined enterprise value of approximately $20 billion. The firms contend the combined entity will benefit fr...

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