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Clariant merger foe boosts stake to 20 percent: stock exchange

Published 10/27/2017, 12:44 AM
Updated 10/27/2017, 12:50 AM
© Reuters. Logo of Swiss specialty chemicals company Clariant is seen in Pratteln

ZURICH (Reuters) - Activist investors who oppose Swiss specialty chemicals maker Clariant's proposed $20 billion merger with U.S.-based Huntsman have boosted their stake to 20 percent, the Swiss stock exchange said on Friday, after Reuters reported the increased holding on Thursday.

© Reuters. Logo of Swiss specialty chemicals company Clariant is seen in Pratteln

White Tale, the investment vehicle formed by hedge fund manager Keith Meister and New York City-based investment fund 40 North to amass Clariant shares, increased its stake beyond the 15 percent reported last month as it intensifies efforts to scuttle the deal.

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