Corporate Announcement
Security Code : 506390    Company : HEUBACHIND    
 
Updates on AcquisitionDownload PDF Download XBRL
  Exchange Received Time  27/10/2017 17:09:11         Exchange Disseminated Time   27/10/2017 17:09:15              Time Taken   00:00:04
Intimation under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

We refer to our letter dated May 22, 2017 informing you about the merger announcement of our ultimate global holding company Clariant (SIX: CLN) and Huntsman Corporation (NYSE: HUN).

In this regard, we have been informed that Clariant and Huntsman Corporation have jointly decided to abandon the planned merger due to increased uncertainty of securing two-thirds majority by Clariant shareholders.

Kindly take the above information on record and oblige.
 

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