Clariant, who had instructed Goldman Sachs to save the meltdown, makes planes strippers, inhibiting forest fires, plastic stains, chemicals that help drillers separate oil from water and ingredients for shampoos. Clariant and Huntsman, who reported that the costs of the merger were $18 million in the third quarter, agreed to waive the spin-off fee. Clariant had a potential success of $210 million by passing the agreement and a $60 million fee if Clariant shareholders did not approve the transaction. THE WOODLANDS, Texas, October 27, 2017 /PRNewswire/ — Huntsman Corporation (NYSE: HUN) and Clariant (SIX: CLN) announced today that they have mutually terminated their proposed merger of equals. The decision was unanimously approved by the directors of Huntsman and Clariant. The all-stock transaction, which companies call “mergers of equals,” would create a business with a common market value of about $14 billion. ZURICH (Reuters) – Swiss specialty chemicals maker Clariant and U.S. group Huntsman abandoned their $20 billion merger on Friday, winning a victory for activist investors who had fought for months against the deal because it would destroy shareholder value. “We remain convinced that the proposed merger of equals… Would have been in the long-term interest of all our shareholders,” Huntsman, Peter Huntsman, and Clariant, Hariolf Kottmann, said in a joint statement. The increase in the share of White Tale, together with other Clariant shareholders who opposed the deal, has raised doubts between the Swiss company of the two-thirds support needed for the merger. In the fight against the Huntsman tie, Meister and 40 North Es David Winter and David Millstone said the merger would not bring enough benefits, as you suspended Clariant Huntsman`s debt and the volatility of commodity chemicals.

LONDON – Two of the world`s leading chemical manufacturers, Huntsman Corporation and Clariant of Switzerland, on Friday halted a multi-billion euro merger project, bending to pressure from activist investors who opposed the deal. “A merger of equals to be made… is an option, a large transformation operation is another option, continue to stay alone, is a third option ,” said Kottmann reporters in a phone call in which he promised to remain CEO. Social media:Twitter: twitter.com/Huntsman_CorpFacebook: www.facebook.com/huntsmancorpLinkedIn: www.linkedin.com/company/huntsman Konstantin Winterstein, a member of Clariant`s board of directors and one of the representatives of the Bavarian families who own 14% of Clariant, supported the merger and sticks to Kottmann. The proposed all-stock transaction, which Clariant and Huntsman described as a “merger of equals” in May, would have been the latest consolidation of the chemical industry and would have created a company with a total market value of about $15 billion. Caution regarding forward-looking statements: This statement contains certain statements that are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, amended (the Securities Act) and Section 21E of the Securities Exchange Act of 1934, as amended. Huntsman Corporation (“Huntsman” has some of these forward-looking statements with words such as “believe,” “may,” “could,” “could,” “could,” “could,” “will,” “should,” “should,” “anticipate,” “anticipate,” “anticipate,” “estimate,” “potential,” “prospect” or “further,”