White Tale Holdings on Thursday forced Clariant to abolish its $ 20 billion deal with Huntsman, requiring three Clariant board seats to be reviewed by an independent financial adviser on strategic options. White Tale is an investment company founded by hedge fund Corvex Management (New York) and investment advisor 40 North Management (New York), which allegedly owns more than 20% of Clariant's shares.
Clariant said it has been in preliminary discussions with White Tale and will continue to negotiate with shareholders in the coming weeks, and the company said it will present its existing development strategy and listen to White Tale's plans and review proposals, including White Tale for its The board of directors of the requirements of Clariant claimed that White Tale's request will be discussed at the next board meeting.
White Tale said it would convene a special general meeting if it could not agree with Clariant. 'While our M & A deal with Huntsman was a good first step in the implementation of the development strategy, A reason to be celebrated. '' '' '' '' '' '' '' '' '' '' '' '' '' '' '' '' '' '' '' '' '' '' '' '' '' '' '' '' '' '' '' '' '' '' '' '' '' '' '' '' '' '' '' '' '' '' '' '' '' '' '' '' '' '' '' '' '' '' '' '' '' '' ' October 2016. Both of us are in the same direction and have a clear idea of what to do next to Clariant.