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  • Date of publication: 31 August 2020
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  • businessbuysale.com
  • Swiss stock market wants investigation for Clariant Huntsman merger

    Synopsis

    The failed merger of Clariant with US rival Huntsman has had an aftermath for the Swiss chemical company. The SIX Swiss Exchange is launching an investigation into the announcement of the merger plans, due to a potential breach of the ad hoc publicity rul

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Description

The failed merger of Clariant with US rival Huntsman has had an aftermath for the Swiss chemical company. The SIX Swiss Exchange is launching an investigation into the announcement of the merger plans, due to a potential breach of the ad hoc publicity rules, as announced on Thursday. Until the conclusion of the audit, the exchange operator will not provide any further information.

Clariant had canceled its planned $ 20 billion merger with Huntsman in October after months of battling with its major shareholder White Tale.  Clariant management and its largest shareholder continue to face confrontation because activist investor White Tale's claims remain If the company has not been heard, it now wants to present its concerns to the other shareholders. 

 

Reuters.com