Huntsman and Clariant merging to create US$14b chemicals giant
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Frankfurt
US-BASED Huntsman Corp and Swiss Clariant AG are combining to create a chemical manufacturer with a market value of over US$14 billion, the deal coming together after years of tentative mutual approaches.
The HuntsmanClariant specialty chemicals company will be 52 per cent owned by Clariant shareholders and valued at around US$20 billion when including debt, Clariant said in a statement.
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