Clariant AG / Clariant and White Tale engaged in talks . Processed and transmitted by Nasdaq Corporate Solutions. The issuer is solely responsible for the content of this announcement.
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Muttenz, October 30, 2017 - Clariant, a world leader in specialty chemicals, has noted White Tale's press release and the demands published therein. Clariant notes that after the announcement of the termination of the merger agreement between Clariant and Huntsman on October 27th 2017, Clariant and its shareholder White Tale have engaged in an initial discussion regarding the new situation for the company and ways to work together in the future.
Clariant's management has offered to White Tale its readiness to present its existing growth strategy, listen to White Tale's plans and discuss appropriate concrete ways forward, including White Tale's wish for seats on the Board of Directors. According to Swiss governance, the requests of White Tale will be discussed in the next Board of Directors meeting.
Like White Tale, Clariant continues to be confident in the future opportunities for long-term value creation for all stakeholders, as a leader in Specialty Chemicals. In order to deepen the discussions, Clariant invited White Tale to hold further talks. In the coming weeks, Clariant will also continue the existing dialogue with all its shareholders, having shown long-term interest in the company.
Corporate Media Relations | Investor Relations |
Jochen Dubiel Phone +41 61 469 63 63 jochen.dubiel@clariant.com | Anja Pomrehn Phone +41 61 469 6745 anja.pomrehn@clariant.com |
Claudia Kamensky Phone +41 61 469 63 63 claudia.kamensky@clariant.com | Maria Ivek Phone +41 61 469 63 73 maria.ivek@clariant.com |
Thijs Bouwens Phone +41 61 469 63 63 Thijs.bouwens@clariant.com | |
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www.clariant.com Clariant is a globally leading specialty chemicals company, based in Muttenz near Basel/Switzerland. On 31 December 2016 the company employed a total workforce of 17 442. In the financial year 2016, Clariant recorded sales of CHF 5.847 billion for its continuing businesses. The company reports in four business areas: Care Chemicals, Catalysis, Natural Resources, and Plastics & Coatings. Clariant's corporate strategy is based on five pillars: focus on innovation through R&D, add value with sustainability, reposition portfolio, intensify growth, and increase profitability. |
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Clariant AG via Globenewswire
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Clariant AG
Rothausstrasse 61 Muttenz 1 Switzerland
ISIN: CH0012142631;