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Clariant Said to Be Targeted by Activist Hedge Fund Corvex

  • Corvex said to build stake above 3% disclosure threshold
  • Activist investor said to oppose Clariant deal with Huntsman
Photographer: Adrian Moser/Bloomberg
Updated on

Activist hedge fund Corvex Management has built a stake in Clariant AG in a move designed to undo the Swiss chemicals maker’s $6.4 billion planned takeover of Huntsman Corp., according to people with knowledge of the situation.

Corvex, which has built a stake in Clariant that exceeds the disclosure threshold of 3 percent, plans to push the company to explore alternatives to the deal including a potential sale, said the people, who asked not to be named because the situation is private.