BREAKING NEWS

BREAKING NEWS

Activist investor takes Clariant stake above 20 percent - source

Now Reading:

Activist investor takes Clariant stake above 20 percent - source

Text size Aa Aa

ZURICH (Reuters) – Activist investors seeking to block specialty chemical maker Clariant’s <CLN.S> $20 billion(£15.19 billion) merger with Huntsman Corp <HUN.N> have boosted their stake in the Swiss group above 20 percent, triggering an official disclosure filing, a source familiar with the matter said. The White Tale consortium has repeatedly declined to respond to Reuters enquiries about its plans. The activists had told a Swiss newspaper this month they had “significantly more” than 15 percent of Clariant shares and wanted to increase their stake.

(Reporting by Oliver Hirt, Editing by Michael Shields)
euronews provides breaking news articles from reuters as a service to its readers, but does not edit the articles it publishes. Articles appear on euronews.com for a limited time.