Ciba Calls Off Merger Agreement With Clariant
Ciba Specialty Chemicals Inc., Switzerland, announced that its board of directors has decided not
to approve the proposed merger agreement with Clariant AG. Negotiations to merge with Clariant have
According to Ciba, the decision follows a period of extensive due diligence, which
revealed commercial, financial, legal and regulatory risks and constraints in executing the planned
transaction and which would affect the future merged company.