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Clariant AG (CLN.S)

CLN.S on Virt-X Level 1

23.57CHF
23 Feb 2018
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Latest Key Developments (Source: Significant Developments)

Clariant: 2017 Charges Included 30-40 Million Sfr for France, Latin America environmental clean-up
Wednesday, 14 Feb 2018 08:54am EST 

Feb 14 (Reuters) - Clariant Ag ::CEO SAYS NOTHING HAS CHANGED WITH PLASTICS & COATINGS UNIT FOLLOWING SABIC STAKE, STILL LOOKS AT BUSINESS AS 'STRATEGIC CURRENCY' SHOULD IT FIND ATTRACTIVE TARGET.CFO SAYS ONE-TIME CHARGES FOR 2017 ALSO INCLUDED 30-40 MILLION SFR IN ENVIRONMENTAL PROVISIONS FOR CLEANING UP SITES IN LATIN AMERICA, FRANCE.  Full Article

SABIC CEO says at this point not considering raising debt
Sunday, 28 Jan 2018 02:21am EST 

Jan 28 (Reuters) - Saudi Basic Industries Corp <2010.SE>::SAUDI'S SABIC CEO SAYS SABIC HAS THE ABILITY TO SELF FINANCE CLARIANT DEAL.SAUDI'S SABIC CEO SAYS OUT LOCAL AND INTERNATIONAL INVESTMENTS WILL BOOST OUR LONG-TERM POSITION.SAUDI'S SABIC CEO SAYS WE EXPECT 2018 COST CUTTING TO BE SIMILAR TO 2017.SAUDI'S SABIC CEO SAYS WE EXPECT 2018 COST CUTTING TO BE BETWEEN 5 TO 7 PERCENT.SAUDI'S SABIC CEO SAYS AT THIS POINT WE DON'T HAVE ANY OPTIONS TO RAISE DEBT, BUT WE WILL LOOK INTO IT IN FUTURE AS NEEDED.SAUDI'S SABIC CEO SAYS IBN ROSHD HAS BEEN TRANSFORMED INTO A LIMITED LIABILITY COMPANY, RESTRUCTURING HELPED CUT ITS LOSS TO 30 MILLION IN 2017.  Full Article

Clariant, Sinopec cooperate on fuel upgrading catalyst technology
Thursday, 11 Jan 2018 06:49am EST 

Jan 11 (Reuters) - Clariant AG ::CLARIANT AG - CLARIANT AND SINOPEC SIGN MAJOR COOPERATION AGREEMENTS ON FUEL UPGRADING CATALYST TECHNOLOGY.  Full Article

Clariant says open for talks with White Tale, other shareholders
Tuesday, 28 Nov 2017 04:03am EST 

Nov 28 (Reuters) - Clariant Ag ::CLARIANT SAYS REMAINS OPEN FOR TALKS WITH WHITE TALE AND WILL CONTINUE ITS DIALOGUE WITH ALL OTHER SHAREHOLDERS.CLARIANT SAYS STRATEGIC REVIEW DESIRED BY WHITE TALE WOULD BE LIMITED TO PORTFOLIO MANAGEMENT WITHOUT STRATEGIC INSIGHTS.CLARIANT SAYS WHITE TALE HAS NOT YET PRESENTED ANY STRATEGIC BASIS FOR THEIR ALLEGED LONG-TERM INTEREST IN CLARIANT.  Full Article

‍White Tale responds on Clariant statement​
Tuesday, 28 Nov 2017 12:30am EST 

Nov 28 (Reuters) - White Tale Holdings::‍WHITE TALE STATEMENT REGARDING CLARIANT​.WHITE TALE HOLDINGS - ‍DISAPPOINTED BY RECENT STATEMENT OF BOARD OF CLARIANT ON NOVEMBER 24, 2017​.WHITE TALE HOLDINGS- ‍HAVE NEVER ADVOCATED BREAK UP OF COMPANY DESPITE "FALSE CLAIMS" BY CLARIANT​.  Full Article

‍Clariant to present details on updated strategy to investors in early 2018​
Friday, 24 Nov 2017 12:31am EST 

Nov 24 (Reuters) - Clariant AG :‍CLARIANT ANNOUNCES PLAN TO UPDATE ITS STRATEGY TO FURTHER ENHANCE GROWTH AND VALUE CREATION​.‍BOARD OF DIRECTORS APPROVED EXECUTIVE COMMITTEE'S PLAN TO DEFINE A CONCRETE SET OF MEASURES, INCLUDING M&A ACTIVITIES, TO ENHANCE VALUE CREATION​.‍WILL PRESENT DETAILS ON ITS UPDATED STRATEGY TO INVESTORS IN BEGINNING OF 2018​.‍PLAN WAS DEVELOPED AS A CONSEQUENCE OF TERMINATION OF INTENDED MERGER WITH HUNTSMAN, WHICH WAS FORCED BY ACTIVIST SHAREHOLDERS​.  Full Article

Clariant - open to White Tale suggestions, will work for all shareholders
Monday, 30 Oct 2017 02:37am EDT 

Oct 30 (Reuters) - Clariant AG :Clariant says several talks took place with white tale since last friday.Clariant says will continue this exchange as part of our ongoing dialog with all our shareholders.Clariant says during this process we will of course consider white tale’s requests.Clariant says clariant will nonetheless keep the interest of all stakeholders in mind when talking to white tale.Clariant says we remain confident that reasonable discussions will take place that focus on the long term sustainable future of clariant.  Full Article

Clariant ready to discuss board seats for White Tale
Monday, 30 Oct 2017 02:37am EDT 

Oct 30 (Reuters) - Clariant AG :‍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 board of directors​.‍according to Swiss governance, requests of White Tale will be discussed in next board of directors meeting​.‍invited White Tale to hold further talks​.‍will also continue existing dialogue with all its shareholders, having shown long-term interest in company​.  Full Article

White Tale says seeking dialogue with Clariant, will comment later
Friday, 27 Oct 2017 08:53am EDT 

Oct 27 (Reuters) - Clariant Ag :Activist investor White Tale says we're seeking dialogue with Clariant management and will comment later.  Full Article

Clariant CEO says to stay on after failed Huntsman merger
Friday, 27 Oct 2017 02:36am EDT 

Oct 27 (Reuters) - Clariant AG :Ceo says clariant is well prepared to tackle the future on our own.Ceo says for sure will stay with the company.Ceo says today no need, no reason to sell pigments or master batches.Ceo says four or five options to boost value, including remaining stand alone company or making large 'transformational' transaction.Ceo says objective, strategy has not changed but cannot exclude possible change following discussions with shareholders including white tale.Ceo says no reason to think we made a mistake in merger consideration.Ceo says merger with huntsman was best available option, never said it was 'one and only option'.Ceo says to continue with board and management following merger failure.  Full Article