Also categorized in BoardNews:
The Other Duty of Corporate Governance
x hide permanently

Clariant Rebuffs Demands of Activist Investor


ZURICH--Swiss chemicals company Clariant AG on Friday rejected many demands of its largest shareholder in the wake of the failed $15 billion merger with U.S.-based Huntsman Corp., escalating a battle with activist investors. Clariant offered White Tale Holdings--which owns more than 20% of Clariant--one seat on its board of directors, short of the three seats White Tale had requested. It also dismissed White Tale's call to hire an investment bank to explore strategic options for the company...

Mentions: Investment Merger Morgan Stanley