World Economy

Chemical Makers Seeking Merger

Chemical Makers Seeking MergerChemical 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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