Activist investors seeking to block specialty chemical maker Clariant’s $20 billion merger with Huntsman Corp have boosted their stake in the Swiss group above 20 percent, triggering an official disclosure filing, a source familiar with the matter said.
ZURICH (Reuters) – Activist investors seeking to block specialty chemical maker Clariant&rsquo-s $20 billion merger with Huntsman Corp have boosted their stake in the Swiss group above 20 percent, triggering an official disclosure filing, a source familiar with the matter said.
The White Tale consortium has repeatedly declined to respond to Reuters enquiries about its plans. The activists had told a Swiss newspaper this month they had &ldquo-significantly more&rdquo- than 15 percent of Clariant shares and wanted to increase their stake.
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