Houston— Huntsman and Clariant, giving a first update on the planned merger of equals, said the combination of the two companies is "on track" and preparations are showing "continued strong progress" and are proceeding as planned (PCN, 29 May 2017, p 1). This past May, the companies announced the approval by their board of directors of a definitive agreement to combine in a merger of equals, through an all-stock transaction valued at around $20-billion.
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