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| Name | Symbol | Market | Type |
|---|---|---|---|
| Clariant Ag (PK) | USOTC:CLZNY | OTCMarkets | Depository Receipt |
| Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| -0.78 | -6.20% | 11.80 | 11.50 | 12.77 | 11.80 | 11.63 | 11.75 | 1,702 | 21:03:24 |
From Dec 2019 to Dec 2024
FRANKFURT--Germany's Evonik Industries AG is interested in a takeover bid for Swiss rival Clariant AG (CLN.VX), in a deal that would create a specialty chemicals company worth more than 20 billion euros ($21.94 billion), Financial Times reports Thursday, citing people familiar with the matter.
Evonik has been reviewing a number of options in recent months, as the German company has been looking to join a wave of deals in the chemicals sector, the report says.
The report adds that one of these people said a bid for Clariant may value the Swiss company at as much as 23 Swiss francs a share, which would give it a market value of CHF7.3 billion, or EUR6.96 billion.
Evonik and Clariant declined to comment on the report.
Evonik has a market capitalization of EUR15.28 billion, while Clariant is valued at about EUR6 billion.
Clariant shares trade 5.9% higher following report, while Evonik trades 2% lower.
Newspaper website: http://www.ft.com/intl/cms/s/0/362b29ee-d39a-11e4-a9d3-00144feab7de.html#axzz3VU6 f0qh
Write to Neetha Mahadevan at neetha.mahadevan@wsj.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
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