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Chemical Makers Seeking Merger
Chemical Makers Seeking Merger

Chemical Makers Seeking Merger

Chemical Makers Seeking Merger

Swiss specialty chemicals maker Clariant and Texas’ Huntsman Corp. will attempt to join and create a company with a market value of $13.8 billion, the latest proposed deal in a chemicals industry that is seeking to consolidate rapidly, AP reported. The companies said Monday they plan to combine in through an all-stock transaction. The resulting company would be named HuntsmanClariant, with stock exchange listings in both Zurich and New York. If approved, Clariant shareholders would own 52% of the company and Huntsman shareholders would own 48%.

 

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