Huntsman and Clariant to Combine in Merger of Equals
THE WOODLANDS, Texas - Huntsman Corp.and Clariant announced that their boards of directors approved a definitive agreement to combine in a merger of equals through an all-stock transaction.
The merged company will be named HuntsmanClariant. On a pro forma 2016 basis, the combination of both companies will create a leading global specialty chemical company with sales of approximately $13.2 billion, an adjusted EBITDA of $2.3 billion and a combined enterprise value of approximately $20 billion at announcement. Global headquarters of the merged company will be in Pratteln, Switzerland, and operational headquarters will be in The Woodlands, Texas.