Clariant Saga Ends with SABIC Becoming the Largest Shareholder

Posted on 01/27/2018

Saudi Basic Industries Corporation (SABIC) is now Clariant AG’s largest shareholder after buying a 25% stake in the Swiss chemicals company from American activist investors David Winter and David Millstone of 40 North Latitude Master Fund Ltd. (17.58%), and Corvex Master Fund Ltd.’s Keith Meister (7.56%), for an estimated US$ 2.4 billion. The deal puts […]