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Clariant AG (CLN.S)

CLN.S on Virt-X Level 1

27.21CHF
12 Dec 2017
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Latest Key Developments (Source: Significant Developments)

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

Huntsman, Clariant mutually agree to abandon planned merger of equals
Friday, 27 Oct 2017 01:00am EDT 

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​.  Full Article

Clariant to raise prices on titanium dioxide & carbon black-containing products
Thursday, 21 Sep 2017 07:59am EDT 

Sept 21 (Reuters) - Clariant Ag says:Clariant to increase prices for products containing titanium dioxide and/or carbon black pigments by 5 percent - 10 percent.increase includes white, black and color masterbatches and relates to following product brands: remafin, renol, cesa, hiformer & mevopur.will be effective for all deliveries from October 1, 2017 or as soon as contracts allow.price increase is due to the sustained rise in prices of titanium dioxide, carbon black and other key raw materials driven by several factors including force majeure declarations, supply-demand dynamics and capacity related issues.  Full Article

Clariant reconfirms commitment to planned merger between Huntsman and Clariant
Tuesday, 19 Sep 2017 03:00pm EDT 

Sept 19 (Reuters) - Clariant Ag :Clariant reconfirms its full commitment to the planned merger of equals between Huntsman and Clariant and reiterates its strong strategic rationale.Clariant - White Tale's open letter does not contain any additions to claims previously made.Clariant - Board reconfirms decision planned merger is best value creating option for all stakeholders and will, not deviate from binding agreement.Clariant does not agree with the statements made by White Tale in their open letter.Confirms that its board has received a letter from White Tale holdings.Clariant AG - Cost synergies will be in excess of USD 400 million P.A..According to letter, White Tale has increased its stake in Clariant above 15 percent.In addition, White Tale has stated that it maintains its opposition to merger of equals between Huntsman and Clariant.  Full Article

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Clariant open to M&A deals as it deals with activist: CEO

ZURICH Swiss specialty chemicals group Clariant is open to making fresh acquisitions as it deals with activist investor White Tale, its biggest shareholder, Chief Executive Hariolf Kottmann said in an interview with a local broadcaster on Monday.