Facing strong opposition from activist investors, Clariant and Huntsman insisted on the merger transaction

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Swiss chemical giant Clariant ( Clariant ) issued a statement with the United States to reconsider its refusal Huntsman ( Huntsman ) worth 166 merger billion dollars transaction.

Swiss chemical giant Clariant ( Clariant ) issued a statement with the United States to reconsider its refusal Huntsman ( Huntsman ) worth 166 merger billion dollars transaction.

Earlier, investment fund White Tale urged Clariant to reconsider the transaction in an open letter to Clariant because it lacked strategic value.

Earlier, investment fund White Tale urged Clariant to reconsider the transaction in an open letter to Clariant because it lacked strategic value.

Clariant responded that the board of directors will once again confirm that the merger plan can create the best value for all stakeholders.

Clariant responded that the board of directors will once again confirm that the merger plan can create the best value for all stakeholders.

Clariant said that the vast majority of shareholders have expressed support for the merger plan, and the company will continue to engage in constructive dialogue with all shareholders.

Clariant said that the vast majority of shareholders have expressed support for the merger plan, and the company will continue to engage in constructive dialogue with all shareholders.

And Huntsman ( Huntsman ) chief executive officer  Peter Huntsman also issued a statement immediately:

And Huntsman ( Huntsman ) chief executive officer  Peter Huntsman also issued a statement immediately:And Huntsman ( Huntsman Huntsman ) chief executive  Peter Huntsman  Peter Huntsman also issued a statement immediately:

 

  

" The attack on Huntsman ’s performance and its investment portfolio in White Tale ’s open letter was clearly wrong.

" The attack on Huntsman ’s performance and its investment portfolio in White Tale ’s open letter was clearly wrong.

  

" White Tale attacks on Huntsman is wrong, as the company's communication strategy at Investor Day when promised, since 2016 Nian 3 since March, we have submitted a commitment to exceed our performance answer: free cash flow of more than We have exceeded our peers and surpassed the US$ 2 billion deleveraging target.

" White Tale attacks on Huntsman is wrong, as the company's communication strategy at Investor Day when promised, since 2016 Nian 3 since March, we have submitted a commitment to exceed our performance answer: free cash flow of more than We have exceeded our peers and surpassed the US$ 2 billion deleveraging target.

  

A group of activist investors in the United States threatened on Tuesday that they would vote against the proposed merger between Clariant and Huntsman unless other options were explored.

A group of activist investors in the United States threatened on Tuesday that they would vote against the proposed merger between Clariant and Huntsman unless other options were explored.

  

The controlling shareholder of White Tale stated in an open letter to the board of directors of Clariant that they are still convinced, and increasingly convinced, that the proposed merger of the two companies is detrimental to the interests of Clariant’s shareholders.

The controlling shareholder of White Tale stated in an open letter to the board of directors of Clariant that they are still convinced, and increasingly convinced, that the proposed merger of the two companies is detrimental to the interests of Clariant’s shareholders.

  

The investors in White Tale are 40 North Latitude Master Fund Ltd.
and Corvex Master Fund Ltd.
, the former is controlled by American investors David Winter and David Millstone , and the latter is controlled by investor Keith Meister .
All three investors signed the above-mentioned open letter.

The investors in White Tale are 40 North Latitude Master Fund Ltd.
and Corvex Master Fund Ltd.
, the former is controlled by American investors David Winter and David Millstone , and the latter is controlled by investor Keith Meister .
All three investors signed the above-mentioned open letter.
Investing in White Tale White Tale is 40 North Latitude Master Fund Ltd.
40 North Latitude Master Fund Ltd.
and Corvex Master Fund Ltd.
Corvex Master Fund Ltd.
, the former is controlled by American investors David Winter David Winter and David Millstone David Millstone , the latter The investor is controlled by Keith Meister Keith Meister .
This 3 3 of investors have signed an open letter above.

 

  

White Tale urged Clariant to hire an investment bank to evaluate alternatives to the transaction.
The aforementioned investor stated in the open letter that unless Clariant’s board of directors conducts a comprehensive discussion of various ways to maximize shareholder value, shareholders should not be required to approve the merger.

White Tale urged Clariant to hire an investment bank to evaluate alternatives to the transaction.
The aforementioned investor stated in the open letter that unless Clariant’s board of directors conducts a comprehensive discussion of various ways to maximize shareholder value, shareholders should not be required to approve the merger.
White Tale White Tale strongly urged Clariant to hire an investment bank to evaluate alternatives to the transaction.
The aforementioned investor stated in the open letter that unless Clariant’s board of directors conducts a comprehensive discussion of various ways to maximize shareholder value, shareholders should not be required to approve the merger.

 

  

2017 Nian 5 Yue 22 days, Clariant and Huntsman Corporation announced that it will merge into a market capitalization of 200 global billion-dollar company, called Hens Ryan McNair.
The merger will be conducted through an all-stock transaction and is expected to boost the growth prospects of the new company.
Clariant shareholders will own 52% of the combined company , and Huntsman shareholders will own the remaining 48% .

2017 Nian 5 Yue 22 days, Clariant and Huntsman Corporation announced that it will merge into a market capitalization of 200 global billion-dollar company, called Hens Ryan McNair.
The merger will be conducted through an all-stock transaction and is expected to boost the growth prospects of the new company.
Clariant shareholders will own 52% of the combined company , and Huntsman shareholders will own the remaining 48% .
2017 2017Nian 5 5Yue 22 22days, Clariant and Huntsman Corporation announced that it will merge into a market capitalization of 200 200global companies a billion dollars, called Hens Ryan McNair.
The merger will be conducted through an all-stock transaction and is expected to boost the growth prospects of the new company.
Clariant shareholders will own 52% and 52% of thecombined company, and Huntsman shareholders will own the remaining 48% and 48%.