MyClear, MEPS merge to form Paynet
Published on: Tuesday, May 23, 2017
ZURICH: Swiss group Clariant on Monday said it planned to merge with US counterpart Huntsman to create a trans-Atlantic chemicals giant with a combined value of around $20 billion.The all-stock transaction, which Clariant said would be a "merger of equals", was agreed by the boards of both companies. The combined entity would be called HuntsmanClariant, the Swiss group said in a statement.Clariant CEO Hariolf Kottmann described the tie-up as "the perfect deal at the right time."
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