Hints and tips:
...On Thursday, Clariant said the companies have decided to temporarily suspend negotiations....
...Mr Occhiello, who was promoted in September last year, was previously a top manager with Clariant’s Saudi Arabian anchor shareholder Sabic....
...Indorama Ventures is part of Singapore-based Indorama Corp....
...Corp....
...There are numerous examples of activists forcing companies not to do dilutive transactions, such as Corvex, a hedge fund, scuttling Clariant’s planned takeover of Huntsman....
...Clariant was last year thwarted in its attempts at a $20bn merger with US rival Huntsman Corp by the White Tale investor group, which was backed by Keith Meister’s Corvex hedge fund, and New York investment...
...Clariant was last year thwarted in its attempts to push through a $20bn merger with US rival Huntsman Corp by the White Tale investor group, which is backed by Corvex and New York fund 40 North....
...Clariant would, too. A group capitalised at SFr8.6bn would face pressure to distribute a cash pile of SFr4bn. Meanwhile, Clariant is doing tolerably. Profits should rise at a fair lick in coming years....
...Swiss chemicals group Clariant and US rival Huntsman Corp have abandoned a planned $20bn merger after opposition by an activist investor group that included Keith Meister’s Corvex hedge fund....
...Swiss chemicals group Clariant has reported an acceleration in sales and reiterated its medium term profit target, as it recoils from the collapse last week of a planned merger with US rival Huntsman Corp...
...Swiss chemicals group Clariant has hired Ernesto Occhiello from Sabic, the Saudi anchor shareholder, as chief executive after last year’s failed attempt to merge with US rival Huntsman Corp, the FT reported...
...Swiss chemical group Clariant will look for another merger partner after the collapse last week of a proposed $20bn tie up with US rival Huntsman Corp, according to its chief executive....
...Swiss chemicals group Clariant and its US rival Huntsman Corp have abandoned a planned $20bn merger after opposition by an activist investor group that included Keith Meister’s Corvex hedge fund....
...Clariant is a specialty chemicals group that was in dire shape when Hariolf Kottmann took over as chief executive late in 2008....
...’s proposed merger with [Huntsman],” the letter to Clariant’s board said....
...with Huntsman Corp of the US....
...Keith Meister and two other US activist investors have bought a stake in the Swiss chemicals group Clariant in the hope of derailing its $20bn merger with US rival Huntsman Corporation....
...Clariant, the activist campaign that wasn’t After building up a 25 per cent stake in Switzerland’s Clariant (and later scuppering its attempts at a $20bn merger with US rival Huntsman Corp), hedge fund...
...Swiss specialty chemical maker Clariant confirmed it was pursuing a multi-billion dollar cross-border merger with US rival Huntsman Corporation....
...Clariant said on Tuesday: “We have noticed the increased investment of Corvex/40 North in Clariant and their demands....
...The financial benefits, plus talk of a counterbid from someone like BASF or Evonik, pushed Clariant shares up 9 per cent....
...Shares in Clariant jumped 9.4 per cent to SFr22.83 on Monday following the announcement....
...Of late he has made a foray into Europe, building stakes in Danone and — through a joint investment fund — the Swiss chemicals group Clariant....
...However, Friday saw the collapse of another deal — the proposed $20bn merger of Swiss chemicals group Clariant and its US rival Huntsman Corp — following opposition by an activist investor group that included...
International Edition