CIBA: TOO RISKY THE AGREEMENT WITH CLARIANT

Missed agreement between Ciba and Clariant, the two Switzerland chemistry giants. The Ciba's board of directors has indeed announced the definitive breakdown in negotiations with Clariant. The press release details that “the trade, economics, financial and juridical risks appeared so relevant to prejudice benefits and strategies “. A declaration leaving open all the hypothesis and that really does not point out which are the effective reasons of the breakdown in negotiations. The merger of the two groups would have been carried out by the means of share interchange for 13.200 billions Lire and would have arisen a world giant in the branded chemistries with a proceed of sales of nearly 18 billions of Switzerland francs (21.700 billions lire).