Clariant and Huntsman have jointly announced that they have agreed to terminate the reciprocal merger plan, which was unanimously approved by Clariant and Huntsman's board of directors.
In the joint statement, Mr. Hans R. Huntsman, President and CEO of Huntsman, and Mr. Hariolf Kottmann, CEO of Clariant, stated: 'We always believe that on 21 May 2021, it was agreed that the proposed merger plan would All shareholders have a long-term interest, but because of a radical shareholder of Clariant, Walter Tale Holdings, which continues to accumulate shares and opposes the deal, some other share holders now support the opposition. We believe that There are a lot of uncertainties, such as whether Clariant can get the consent of two-thirds of shareholders, Swiss law is also necessary for the approval of the transaction in this environment, given the high-level interference and the uncertainty of the two companies , We will jointly decide to terminate the merger agreement, which will lead the two companies to fully consider their own independent strategy to the company, shareholders, partners and other stakeholders to provide the best interests.We remain the largest of each other But also hope to know and express our mutual and deep gratitude, for the past few months since the two sides of the company's partners to reach This incredible commitment made efforts. '