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Switzerland: Chemicals Industry Clariant and Huntsman Are One Step Closer to Merger

Editor: Alexander Stark

Clariant is progressing towards satisfying the regulatory approval condition necessary to closing its merger of equals with Huntsman Corporation.

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Peter R. Huntsman (ri.), President and CEO of Huntsman, and Hariolf Kottmann, CEO of Clariant, want a merger of equals to create a leading global specialty chemical company with approximately $20 billion enterprise value at announcement.
Peter R. Huntsman (ri.), President and CEO of Huntsman, and Hariolf Kottmann, CEO of Clariant, want a merger of equals to create a leading global specialty chemical company with approximately $20 billion enterprise value at announcement.
(Source: Giorgia Müller / Clariant)

Muttenz/Switzerland — The United States Federal Trade Commission, which reviews the antitrust implications of certain business combinations, delivered a second request for information to the parties relating to just two products − sodium isethionate, used in personal care products like soap and shampoos, and a polyetheramine product used in certain construction and additive/paint and ink applications.

These products accounted for less than $ 24 million in total revenues of each of the two companies in the United States in 2016, and Clariant is confident that the parties will be able to satisfy any FTC concerns on a timeline consistent with the merger, which we continue to expect to close around year-end.

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