Clariant announces plan to update its strategy to further enhance growth and value creation
2017年11月24日 - 2:30PM
YASTEST
Clariant AG / Clariant announces plan to update its strategy to
further enhance growth and value creation . Processed and
transmitted by Nasdaq Corporate Solutions. The issuer is solely
responsible for the content of this announcement.
-
Clariant's Board of Directors
approved the Executive Committee's plan to define a concrete set of
measures, including M&A activities, to enhance value
creation
-
Clariant will present details
on its updated strategy to investors in the beginning of
2018
-
Süd-Chemie legacy shareholders
and the majority of institutional shareholders back this approach
and support management and the Board of Directors
|
|
Muttenz, November 24, 2017 - Clariant, a world
leader in specialty chemicals, today announced that its Board of
Directors has approved the Executive Committee's proposal to update
Clariant's strategy in order to further increase value creation.
The plan was developed as a consequence of the termination of the
intended merger with Huntsman, which was forced by activist
shareholders.
The implementation of Clariant's existing growth
strategy as well as further value creation would have been
accelerated by the merger with Huntsman. It would have generated
more than $3.5 billion of shareholder value through the realization
of massive synergies and a promising optionality from a portfolio
and capital strength perspective. Clariant's management is fully
aware that the new situation following the termination of the
merger will require additional efforts to update the strategy which
will now be implemented on an accelerated basis.
Therefore, the Board of Directors supports the
Executive Committee's intention to build upon Clariant's existing
strategy by defining further actions such as M&A activities,
short-term portfolio management options, potential returns to
shareholders, a thorough review of the cost base and the pursuit of
additional growth opportunities. Clariant's recently announced
investment in the sunliquid®
technology is one example of the latter.
Since Clariant's well-proven and successful growth
strategy was and is unanimously supported by the Süd-Chemie legacy
shareholders, representing approximately 15% of the outstanding
shares, as well as the vast majority of institutional shareholders,
the company has a broad global backing for continuing its course of
reaching a position in the top tier of the specialty chemicals
industry. Clariant will announce and present details concerning
these activities to its investors in the beginning of 2018, well
before its Annual General Meeting in March.
Press Release_english
This
announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: Clariant AG via Globenewswire
--- End of Message ---
Clariant AG
Rothausstrasse 61 Muttenz 1 Switzerland
ISIN: CH0012142631;
Celsion (AMEX:CLN)
過去 株価チャート
から 5 2024 まで 6 2024
Celsion (AMEX:CLN)
過去 株価チャート
から 6 2023 まで 6 2024
Real-Time news about Celsion Corp (アメリカ証券取引所): 0 recent articles
その他のClariant AGニュース記事