Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

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

CLARIANT (CLN)
Mes dernières consult.
Most popular
  Report  
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsofficial PublicationsSector newsTweets

Clariant : Meister's Corvex Management targets Clariant - Bloomberg

share with twitter share with LinkedIn share with facebook
share via e-mail
0
07/04/2017 | 12:28am CEST

(Reuters) - 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.

(Reuters) - 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
Stocks mentioned in the article
ChangeLast1st jan.
HUNTSMAN CORPORATION -0.81% 29.51 Delayed Quote.-10.63%
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on CLARIANT
07:01aCLARIANT : starts 2018 with significant growth in sales and EBITDA
GL
04/23GLOBAL ULTRAVIOLET (UV) STABILIZERS : 9strategy.biz added a depth and professio..
AQ
04/20GLOBAL ACTIVATED BLEACHING CLAY MARK : 9strategy.biz added a depth and professio..
AQ
04/20GLOBAL LIGHT DEGRADABLE MASTERBATCH : 9strategy.biz added a depth and professio..
AQ
04/19CLARIANT : Active Ingredients launches pioneering skin care ingredient to combat..
PU
04/19GLOBAL ANTI-CAKING AGENTS FOR FERTIL : 9strategy.biz added a depth and professio..
AQ
04/18CLARIANT : set to take hair care by storm with new Genadvance™ hair condit..
PU
04/17CLARIANT : Launches New EQius™ Brand for Humidity-Control Packaging Soluti..
PU
04/17CLARIANT : reveals BeautyForward® – Edition III new trends and inspiration..
PU
04/11CLARIANT : reveals colorful, trend-focused support for North America's coatings ..
PU
More news
News from SeekingAlpha
08:56aClariant beats by CHF 3.4M on EBITDA, beats on revenue 
06:41aClariant AG 2018 Q1 - Results - Earnings Call Slides 
02/23Tracking Alex Roepers' Atlantic Investment Management Portfolio - Q4 2017 Upd.. 
02/14Clariant's (CLZNF) CEO Hariolf Kottmann on Q4 2017 Results - Earnings Call Tr.. 
02/14Clariant AG 2017 Q4 - Results - Earnings Call Slides 
Financials ( CHF)
Sales 2018 6 654 M
EBIT 2018 741 M
Net income 2018 426 M
Debt 2018 1 426 M
Yield 2018 2,15%
P/E ratio 2018 19,68
P/E ratio 2019 17,80
EV / Sales 2018 1,45x
EV / Sales 2019 1,36x
Capitalization 8 235 M
Chart CLARIANT
Duration : Period :
Clariant Technical Analysis Chart | CLN | CH0012142631 | 4-Traders
Technical analysis trends CLARIANT
Short TermMid-TermLong Term
TrendsBullishBearishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 19
Average target price 25,9  CHF
Spread / Average Target 3,1%
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$)
CLARIANT-7.96%8 393
ECOLAB9.00%43 007
SIKA-5.17%16 201
SYMRISE-6.09%10 611
INDORAMA VENTURES PCL--.--%10 483
JOHNSON MATTHEY PLC7.09%8 902