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Business
Activists raise stake in Clariant
by Michael McCoy
July 24, 2017
| A version of this story appeared in
Volume 95, Issue 30
Investors who are opposed to Clariant’s planned merger with Huntsman Corp. have raised their ownership stake in Clariant to more than 10% from 7.2% previously. The stake is held by White Tale Holdings, which comprises the investment funds 40 North and Corvex. The funds, in turn, are controlled by three New York City-based investors. When disclosing their 7.2% stake earlier this month, the investors complained that a merger with Huntsman would reverse Clariant’s specialty chemical strategy.
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