Clariant and White Tale engaged in talks
(Thomson Reuters ONE) -
Clariant AG /
Clariant and White Tale engaged in talks
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The issuer is solely responsible for the content of this announcement.
* Initial talks held over the weekend
* Clariant management and White Tale share focus on long-term value
creation
* Further conversations are to be held in the coming weeks
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 Anja Pomrehn
Phone +41 61 469 63 63 Phone +41 61 469 6745
jochen.dubiel(at)clariant.com anja.pomrehn(at)clariant.com
Claudia Kamensky Maria Ivek
Phone +41 61 469 63 63 Phone +41 61 469 63 73
claudia.kamensky(at)clariant.com maria.ivek(at)clariant.com
Thijs Bouwens
Phone +41 61 469 63 63
Thijs.bouwens(at)clariant.com
Follow us on Twitter, Facebook, Google
Plus, LinkedIn.
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:
http://hugin.info/100166/R/2145639/822532.pdf
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
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
Unternehmensinformation / Kurzprofil:
Datum: 30.10.2017 - 12:45 Uhr
Sprache: Deutsch
News-ID 565826
Anzahl Zeichen: 3645
contact information:
Town:
Muttenz 1
Kategorie:
Business News
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"Clariant and White Tale engaged in talks"
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