Huntsman Corporation and Clariant to Combine in Merger

On May 22, 2017, Huntsman Corporation (NYSE: HUN) and Clariant (SIX: CLN) announced they have entered into a definitive agreement in which both companies will combine in a merger of equals through an all-stock transaction. Huntsman manufacturers and sells differentiated organic and inorganic chemical products worldwide. Similarly, Clariant, together with its subsidiaries, develops, manufactures, distributes, and sells specialty chemicals worldwide. The newly merged Company will continue under the name of HuntsmanClariant. The combined Company will have a significantly improved growth profile in highly attractive markets globally. Some highlights of the transaction are listed below:

  • All-stock merger of equals transaction
  • Clariant shareholders: 52%, Huntsman shareholders: 48%
  • Dual stock exchange direct listing on the Swiss Exchange (SIX) and the New York Stock Exchange (NYSE)

  • Under the terms of the Agreement, Huntsman shareholders will receive 1.2196 shares in HuntsmanClariant for each Huntsman share, while each existing Clariant share will remain outstanding as a share in HuntsmanClariant. The merged Company will create a leading global specialty chemical Company with sales in excess of $13 billion, and an adjusted EBITDA of approximately $2.3 billion. The combined Company also expects to realize more than $3.5 billion of value creation from approximately $400 million in annual cost synergies. The synergy run-rate is expected to be realized within two years. The transaction is expected to close by year end 2017.
    Read the full press release at

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