Clariant rumoured to be bid target for Dow Chemical or Johnson Matthey
Clariant, the Switzerland-based listed chemicals company, is rumoured among traders to be in line for an imminent takeover approach from Dow Chemical of Midland, Michigan, The Daily Mail reported. The market report suggested a take-out price of approximately CHF 25 (EUR 24.40) per share.
The Daily Express reported that shares in the UK-listed catalytic-converter manufacturer Johnson Matthey were boosted by speculation it might table an offer for Clariant and a guardian.com market report said Johnson Matthey is believed to be among several parties eyeing the Swiss group.
Clariant has a market capitalisation of CHF 6.8bn and its shares were trading at CHF 20.500 by yesterday’s close.
Daily Mail, Daily Express, The Guardian