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4-Traders Homepage  >  Equities  >  Swiss Exchange  >  Clariant    CLN   CH0012142631

CLARIANT (CLN)
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Clariant : Meister's Corvex Management targets Clariant - Bloomberg

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07/04/2017 | 12:28am CEST

Hedge fund Corvex Management LP, run by activist investor Keith Meister, has built a stake in Clariant AG (>> Clariant) to undo the Swiss speciality chemical maker's $6.4 billion (5 billion pounds) planned takeover of Huntsman Corp (>> Huntsman Corporation), Bloomberg reported on Monday, citing people with knowledge of the matter.

Hedge fund Corvex Management LP, run by activist investor Keith Meister, has built a stake in Clariant AG (>> Clariant) to undo the Swiss speciality chemical maker's $6.4 billion (5 billion pounds) planned takeover of Huntsman Corp (>> Huntsman Corporation), Bloomberg reported on Monday, citing people with knowledge of the matter.

The fund, which has built a stake exceeding the threshold of 3 percent, plans to push Clariant to explore alternatives to the Huntsman deal, including a potential sale, Bloomberg said. (https://bloom.bg/2sklMRU)

Corvex believed the Huntsman acquisition lacked strategic rationale, Bloomberg reported, citing the unidentified sources.

Clariant and Corvex Management were not immediately available for a comment.

(Reporting by Mekhla Raina; Editing by Dan Grebler)

Stocks treated in this article : Huntsman Corporation, Clariant
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Financials ( CHF)
Sales 2017 6 226 M
EBIT 2017 666 M
Net income 2017 354 M
Debt 2017 1 631 M
Yield 2017 2,17%
P/E ratio 2017 22,40
P/E ratio 2018 19,07
EV / Sales 2017 1,45x
EV / Sales 2018 1,39x
Capitalization 7 399 M
Chart CLARIANT
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Clariant Technical Analysis Chart | CLN | CH0012142631 | 4-Traders
Technical analysis trends CLARIANT
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TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 19
Average target price 22,6  CHF
Spread / Average Target 1,2%
EPS Revisions
Managers
NameTitle
Hariolf Kottmann Chief Executive Officer & Executive Director
Rudolf Wehrli Chairman
Patrick Jany Chief Financial Officer
Peter Chen Non-Executive Director
Carlo G. Soave Non-Executive Director
Sector and Competitors
1st jan.Capitalization (M$)
CLARIANT25.84%7 760
ECOLAB INC.13.38%38 547
SIKA32.05%14 643
SYMRISE3.29%8 941
JOHNSON MATTHEY PLC-9.81%7 231
HUNTSMAN CORPORATION44.50%6 610