Deals
Huntsman and Clariant Are in Talks Toward a $14 Billion Merger
- Huntsman chairman had said in March he was looking for deal
- Clariant has been expanding in higher-margin products
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Huntsman Corp. and Clariant AG are in talks to merge in a transatlantic deal that would create a chemicals company valued at about $14 billion, according to a person familiar with the discussions.
The U.S. and Swiss companies are discussing a deal in which Clariant would own about 52 percent of the new entity to be called HuntsmanClariant, according to the person, who asked not to be identified discussing the talks. Huntsman Chief Executive Officer Peter Huntsman would hold that title for the combined company and the board would be evenly split, with Clariant CEO Hariolf Kottmann as chairman. An announcement may come as soon as Monday.