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Meister's Corvex Management targets Clariant -Bloomberg
July 3, 2017 / 10:19 PM / 5 months ago

Meister's Corvex Management targets Clariant -Bloomberg

July 3 (Reuters) - Hedge fund Corvex Management LP, run by activist investor Keith Meister, has built a stake in Clariant AG to undo the Swiss specialty chemical maker’s $6.4 billion planned takeover of Huntsman Corp, Bloomberg reported on Monday, citing people with knowledge of the matter.

The fund, which has built a stake exceeding the threshold of 3 percent, plans to push Clariant to explore alternatives to the Huntsman deal, including a potential sale, Bloomberg said. (

Corvex believed the Huntsman acquisition lacked strategic rationale, Bloomberg reported, citing the unidentified sources.

Clariant and Corvex Management were not immediately available for a comment. (Reporting by Mekhla Raina; Editing by Dan Grebler)

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