October 27, 2017 / 5:10 AM / in 2 months

BRIEF-Huntsman, Clariant mutually agree to abandon planned merger of equals

Oct 27 (Reuters) - Huntsman Corp -

* Huntsman and Clariant mutually agree to abandon planned merger of equals

* ‍Decision was unanimously approved by boards of directors of Huntsman and Clariant​

* Too much uncertainty if Clariant will be able to secure two-thirds shareholder approval that is required to approve deal under Swiss law​

* Decided jointly to terminate merger agreement, stop substantial expenditure of funds associated with integration planning​

* ‍No fees are currently payable under terms of termination agreement​ Source text for Eikon: Further company coverage: (Bengaluru Newsroom)

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