• Login
    • Join
  • FOLLOW:
  • Subscribe Free
    • Magazine
    • eNewsletter
    Checkout
    • Magazine
    • News
    • Research
    • Markets & Technologies
    • Raw Materials
    • Top Companies
    • Directories
    • Jobs
    • Events
    • Microsites
    • More
  • Magazine
  • News
  • Research
  • Markets & Technologies
  • Raw Materials
  • Top Companies
  • Directories
  • Jobs
  • Events
  • Microsites
  • Current / Back Issues
    Features
    Business Corner
    Editorial
    Digital Edition
    eNewsletter Archive
    Our Team
    Editorial Guidelines
    Subscribe Now
    Advertise Now
    World Reports
    eBook
    Top Features
    Biocides Market Outlook - 2027

    Lab & Testing Equipment Directory

    Aerospace Coatings

    Resins Update

    Coatings World Q&A: Eileen Weber of allnex
    Breaking News
    Online Exclusives
    Distributor News
    Financial News
    Paint & Coatings Manufacturer News
    People In the News
    Price Increases
    Product News
    Raw Materials & Equipment
    Video Bites
    Suppliers News
    Live From Shows
    Top News
    What are You Reading this Week?

    Nippon Paint Automotive Americas Appoints Robert Angart CEO and President

    Sustainability, Economy are Focus of BCF’s Annual Conference

    Demand for Rhino Shield Increases

    ICP Receives ASC Innovation Award for Spray Foam That Meets Changing Environmental Regulations
    Top Companies report
    Market Research
    White Papers / Tech Papers
    Technical Papers
    Product Spec Sheets
    World Reports
    Adhesives and Sealants
    Aerospace Coatings
    Architectural Coatings
    Automotive Coatings
    Automotive Refinish
    Business Operation
    Color Trends & Forecast
    Construction Chemicals
    Corrosion Control
    Industrial Coatings
    Laboratory Equipment
    Marine Coatings
    Market Trends & Forecast
    Powder Coatings
    Production Equipment
    Radcure Coatings
    Special Purpose Coatings
    Wood Coatings
    "Green" Coatings

    Nippon Paint Automotive Americas Appoints Robert Angart CEO and President

    Demand for Rhino Shield Increases

    PPG Demos MOONWALK Refinish Paint Mixing System at Media Event

    Pylon Coatings Uses Polygiene Biomaster & Verimaster for Antimicrobial Surface Protection

    Powder Coatings Institute 2022 Scholarship Recipients Announced
    Additives
    Binders
    Pigments
    Solvents

    The Shepherd Color Company Announces New President and Commercial Segment Leaders

    Birla Carbon to Present Sustainable Carbon-based Solutions at PaintIndia 2022

    BTC Europe, NXTLEVVEL Biochem to Distribute Biobased & Biodegradable Solvents in Europe

    Nouryon Issues 2021 Sustainability Report

    BASF to Increase Prices for Select Polyalcohols in North and South America
    Company Capabilities
    Buyers Guide
    Distributor Guide
    Add New Company
    International Buyers Guide Companies
    W. R. Grace & Co.

    Siltech Corporation

    Clariant Additives

    Active Minerals

    Pilot Chemical Company
    Industry Events
    Webinars
    Live From Show Event
    Top Events
    Southern Society for Coatings Technology Annual Meeting and Technical Conference

    UTECH Middle East/Africa Foam & Polyurethane Expo

    Surfex

    Middle East Coatings Show 2022

    ABRAFATI 2022
    Companies
    White Papers/Tech Papers
    Product Spec Sheets
    Equipment
    Literature/Brochures
    Videos
    International Buyers Guide Companies
    W. R. Grace & Co.

    Siltech Corporation

    Clariant Additives

    Active Minerals

    Pilot Chemical Company
    • Magazine
      • Current / Back Issues
      • Features
      • Editorial
      • Business Corner
      • Digital Edition
      • eNewsletter Archive
      • Editorial Guidelines
      • Subscribe Now
      • Advertise Now
    • Breaking News
    • Directories
      • Buyers Guide
      • Distributor Guide
      • Corporate Capabilities
      • Trade Associations
      • Add Your Company
    • Markets & Technologies
      • Adhesives and Sealants
      • Aerospace Coatings
      • Architectural Coatings
      • Automotive Coatings
      • Automotive Refinish
      • Business Operation
      • Color Trends & Forecast
      • Construction Chemicals
      • Corrosion Control
      • Industrial Coatings
      • Laboratory Equipment
      • Marine Coatings
      • Market Trends & Forecast
      • Powder Coatings
      • Production Equipment
      • Radcure Coatings
      • Special Purpose Coatings
      • Wood Coatings
      • "Green" Coatings
    • Raw Materials
      • Additives
      • Binders
      • Pigments
      • Solvents
    • World Reports
      • Africa Report
      • India/Asia Pacific Report
      • China Report
      • Europe Report
      • Latin America Report
      • Market Research
      • Russian Report
    • Top Companies
    • Online Exclusives
    • Slideshows
    • Experts Opinions
    • Blog
    • eBook
    • Infographics
    • Videos
    • Podcasts
    • Whitepapers
    • Jobs
    • Microsites
      • Companies
      • White Papers/Tech Papers
      • Product Spec Sheets
      • Equipment
      • Literature/Brochures
      • Videos
    • Events
      • Industry Events
      • Live From Show Event
      • Webinars
    • About Us
      • About Us
      • Contact Us
      • Advertise With Us
      • Privacy Policy
      • Terms of Use
    Breaking News

    Clariant, Huntsman Jointly Decide to Abandon Planned Merger of Equals

    Execution of merger at risk due to increased uncertainty of securing two-thirds majority by Clariant shareholders.

    Clariant, Huntsman Jointly Decide to Abandon Planned Merger of Equals
    Related CONTENT
    • Clariant, BU Pigments
    • Clariant Appoints Tatiana Berardinelli Chief Human Resources Officer, Head of Group HR
    • Clariant’s New Center Supports North America’s Paints and Coatings Industry
    • Clariant Announces Additive Price Increases
    • Clariant Completes Divestment Program, Reaches Agreement to Divest Pigments Business
    10.27.17
    Clariant and Huntsman Corporation jointly announced that they have mutually terminated their proposed merger of equals. The decision was unanimously approved by the Boards of Directors of Clariant and Huntsman.
     
    In a joint statement, Peter R. Huntsman, president and CEO of Huntsman, and Hariolf Kottmann, CEO of Clariant, stated: “We remain convinced that the proposed merger of equals as agreed to on May 21, 2017, would have been in the long-term best interests of all of our shareholders. However, given the continued accumulation of Clariant shares by activist investor White Tale Holdings and its opposition to the transaction, which is now supported by some other shareholders, we believe that there is simply too much uncertainty as to whether Clariant will be able to secure the two-thirds shareholder approval that is required to approve the transaction under Swiss law. 
     
    “Under these circumstances and in light of the high level of disruption and uncertainty that has been created for both companies, we have jointly decided to terminate the merger agreement. This will allow both companies to focus again fully on their respective stand-alone strategies in the best interests of the companies and their shareholders, associates, and other stakeholders. We maintain a great respect for one another, and we want to recognize and express our mutual and deep appreciation for the efforts and incredible commitment demonstrated by the associates of each company over the past several months.”
     
    The termination agreement foresees no payment of a break fee on either side. Clariant, therefore, avoids paying both the USD $210 million deal breakage fee and the USD $60 million EGM non-approval fee as foreseen in the merger agreement.
     
    Following a thorough analysis of all strategic alternatives, Clariant’s Board of Directors and Executive Committee unanimously considered the merger with Huntsman to be the best available option to further develop the company and increase the long-term value for all stakeholders. This view has been and is shared by the vast majority of Clariant’s shareholders. 
     
    “We regret the missed opportunity for value creation and thank our shareholders for their support,” Rudolf Wehrli, chairman of the Clariant Board of Directors, said. “The Board of Directors, our chief executive officer and our Executive Committee will now focus on our proven strategy to further strengthen the company’s market position as a globally leading specialty chemicals company.”
     
    “While White Tale’s position on the merger has been different from ours, we share a common interest in increasing Clariant’s value,” Kottmannadded. “We are committed to achieving this through a continuation of our existing and successful long-term growth strategy. That said, we will continue our dialogue with all our stakeholders.”
    Related Searches
    • merger
    • clariant
    • Pigments
    Related Knowledge Center
    • Pigments
    Suggested For You
    Clariant, BU Pigments Clariant, BU Pigments
    Clariant Appoints Tatiana Berardinelli Chief Human Resources Officer, Head of Group HR Clariant Appoints Tatiana Berardinelli Chief Human Resources Officer, Head of Group HR
    Clariant’s New Center Supports North America’s Paints and Coatings Industry Clariant’s New Center Supports North America’s Paints and Coatings Industry
    Clariant Announces Additive Price Increases Clariant Announces Additive Price Increases
    Clariant Completes Divestment Program, Reaches Agreement to Divest Pigments Business Clariant Completes Divestment Program, Reaches Agreement to Divest Pigments Business
    Heubach, SK Capital to Drive Next Phase of Growth for Clariant’s Pigments Business Heubach, SK Capital to Drive Next Phase of Growth for Clariant’s Pigments Business
    Clariant Releases New Automotive Styling Shades 2025 Trendbook Clariant Releases New Automotive Styling Shades 2025 Trendbook
    Clariant Launches Low-VOC Pigment Dispersions for Architectural Coatings Clariant Launches Low-VOC Pigment Dispersions for Architectural Coatings
    Clariant Joins EU Circular Plastics Alliance Clariant Joins EU Circular Plastics Alliance
    Clariant Increasing Pigment, Pigment Preparations Prices Clariant Increasing Pigment, Pigment Preparations Prices
    Clariant’s "New Freedom" Decorative Color Trends Palette: 13 color predictions for trends in 2021 Clariant’s "New Freedom" Decorative Color Trends Palette: 13 color predictions for trends in 2021
    Clariant Additives Clariant Additives
    Clariant Inaugurates South African Pigments Lab Clariant Inaugurates South African Pigments Lab
    Pigment Supplier Directory Pigment Supplier Directory
    Conrad Keijzer Appointed Clariant CEO Conrad Keijzer Appointed Clariant CEO

    Related Content

    • Clariant, BU Pigments

      Clariant, BU Pigments

      ...
      Zachary Hays, Regional Head of Marketing, Americas 10.29.21

    • Breaking News | People in the News
      Clariant Appoints Tatiana Berardinelli Chief Human Resources Officer, Head of Group HR

      Clariant Appoints Tatiana Berardinelli Chief Human Resources Officer, Head of Group HR

      She joins Clariant from PPG Industries and previously worked for Eastman Chemical, DOW Chemical and Rohm and Haas.
      07.19.21

    • Additives | Breaking News | Industry News | Pigments
      Clariant’s New Center Supports North America’s Paints and Coatings Industry

      Clariant’s New Center Supports North America’s Paints and Coatings Industry

      New R&D and application testing innovation center is located in the Charlotte Metro area.
      07.16.21


    • Breaking News | Price Increases
      Clariant Announces Additive Price Increases

      Clariant Announces Additive Price Increases

      Effective immediately, Clariant will increase the prices of its additives by up to 25%.
      07.01.21

    • Breaking News | Industry News | Pigments
      Clariant Completes Divestment Program, Reaches Agreement to Divest Pigments Business

      Clariant Completes Divestment Program, Reaches Agreement to Divest Pigments Business

      Definitive agreements signed by a consortium of Heubach Group and SK Capital Partners to acquire Clariant’s Pigments business.
      06.15.21

      Trending
      • BEHR Launches COPPER FORCE Interior Paint
      • BASF Works with HS Students Aspiring for Careers in STEM
      • PPG Hosts The Future Of Coatings' Technology Innovation Day In Amsterdam | Coatings World
      • What are You Reading this Week?
      • PPG Hosts The Future of Coatings' Technology Innovation Day in Amsterdam
      Breaking News
      • What are You Reading this Week?
      • Nippon Paint Automotive Americas Appoints Robert Angart CEO and President
      • Sustainability, Economy are Focus of BCF’s Annual Conference
      • Demand for Rhino Shield Increases
      • ICP Receives ASC Innovation Award for Spray Foam That Meets Changing Environmental Regulations
      View Breaking News >
      CURRENT ISSUE

      May 2022

      • Biocides Market Outlook - 2027
      • Lab & Testing Equipment Directory
      • Aerospace Coatings Market

      Cookies help us to provide you with an excellent service. By using our website, you declare yourself in agreement with our use of cookies.
      You can obtain detailed information about the use of cookies on our website by clicking on "More information”.

      • About Us
      • Privacy Policy
      • Terms And Conditions
      • Contact Us

      follow us

      Subscribe
      Nutraceuticals World

      Latest Breaking News From Nutraceuticals World

      Thorne Relaunches Gut Health Test with Microbiome Wipe
      Alkemist Labs Announces Alkemist Assured Seal and Next Generation Transparency Reports
      GC Rieber Foundations Expand Philanthropic Efforts
      Coatings World

      Latest Breaking News From Coatings World

      What are You Reading this Week?
      Nippon Paint Automotive Americas Appoints Robert Angart CEO and President
      Sustainability, Economy are Focus of BCF’s Annual Conference
      Medical Product Outsourcing

      Latest Breaking News From Medical Product Outsourcing

      MPO's Most-Read Stories This Week—May 28
      New Breast Implant Surgery Guidelines to Enhance Patient Safety
      Rhythm Management Group Debuts RhythmSynergy Tech Platform
      Contract Pharma

      Latest Breaking News From Contract Pharma

      iECURE Enters Agreement with Center for Breakthrough Medicines
      CPDC Enters Clinical Manufacturing Deal with CellBion
      Olon to Build New R&D Center in Italy
      Beauty Packaging

      Latest Breaking News From Beauty Packaging

      K-Beauty Brand Siita Shares Plastic Decomposition Technology with the Beauty Industry
      Shellworks Raises $6.2 Million in Seed Funding
      Ulta Beauty Reports Record First Quarter 2022 Results
      Happi

      Latest Breaking News From Happi

      Global Skincare Treatment Devices Market Expected to Grow at Over 11.5% CAGR Rate Through 2028
      Technology Cuts Plastic Decomposition from 500 Years to Three Months
      Honeywell Addresses Critical Issues Such as Sustainability, Workforce Training and Digitalization
      Ink World

      Latest Breaking News From Ink World

      Weekly Recap: Flint Group, New Inks from Siegwerk and Zeller+Gmelin Lead This Week’s News
      Orion to Finish Gas Black Expansion in Germany by Early 2023
      Richard Childress Racing Shows Off New Wraps for 2022 NASCAR Season
      Label & Narrow Web

      Latest Breaking News From Label & Narrow Web

      UPM Raflatac accelerates label growth with acquisition
      Labelexpo Asia 2022 postponed
      Teklynx software helps Top Clean Injection validate labels
      Nonwovens Industry

      Latest Breaking News From Nonwovens Industry

      Rael Raises $35M in Series B Funding
      Schobertechnologies Offers Rotary Web-fed Converting Solutions
      Thorne Relaunches Gut Health Test with Microbiome Wipe
      Orthopedic Design & Technology

      Latest Breaking News From Orthopedic Design & Technology

      ODT's Most-Read Stories This Week—May 28
      Toetal Solutions Raises $1.02 Million in New Financing
      ManaMed's ManaSport Wearable Ultrasound Earns FDA Nod
      Printed Electronics Now

      Latest Breaking News From Printed Electronics Now

      Weekly Recap: OPV’s Future, Graphene Flagship and Japan Display Top This Week’s Stories
      SEMI Foundation Receives $1.5 Million Grant to Bolster Michigan’s Semiconductor Talent Pipeline
      onsemi Recognized by Fortune 500 for Its Transformation Journey

      Copyright © 2022 Rodman Media. All rights reserved. Use of this constitutes acceptance of our privacy policy The material on this site may not be reproduced, distributed, transmitted, or otherwise used, except with the prior written permission of Rodman Media.

      AD BLOCKER DETECTED

      Our website is made possible by displaying online advertisements to our visitors.
      Please consider supporting us by disabling your ad blocker.


      FREE SUBSCRIPTION Already a subscriber? Login