Tag Archives: CapLaw-2017-34

Merger between Clariant and Huntsman

On 22 May 2017, Clariant AG and Huntsman Corporation announced that the companies have entered into a definitive agreement to combine in an all-stock cross-border “merger of equals”. The combination of both companies will create a leading global specialty chemicals company with a combined enterprise value of approximately USD 20 bn.

The transaction shall be structured as a cross-border reverse triangular merger with Clariant remaining as the parent company, which shall be renamed HuntsmanClariant Ltd. As a result of the transaction, the current Clariant and Huntsman shareholders would be expected to own approximately 52% and 48% of HuntsmanClariant. The shares of the new company will have a dual direct listing on the SIX Swiss Exchange and on the New York Stock Exchange.