Clariant and White Tale engaged in talks
October 30 2017 - 6:45AM
YASTEST
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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Initial talks held over the
weekend
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Clariant management and White
Tale share focus on long-term value creation
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Further conversations are to be
held in the coming weeks
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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. |
Press Release english
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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
--- End of Message ---
Clariant AG
Rothausstrasse 61 Muttenz 1 Switzerland
ISIN: CH0012142631;
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