Clariant rumoured to be in line for CHF 28-per-share bid from Solvay
Solvay, the Belgium-headquartered listed chemical company, is rumoured to be planning a bid for the Swiss-quoted chemical group Clariant, Daily Mail reported. Dealer chatter suggested Solvay is set to offer CHF 28 per share in a break-up bid, then sell parts of the business on to UK-based Croda International and Johnson Matthey in secondary deals, the market report said.
Germany-based Evonik Industries was rumoured to be a potential acquirer of Clariant several months ago, the report noted.
Clariant shares ended the day at CHF 18.80m up CHF 0.21 on 23 June, the item reported.
Daily Mail