Ciba will join with Clariant

Article Abstract:

Ciba Specialty Chemicals AG of Switzerland is merging with Clariant AG of Switzerland via a stock swap transaction valued at $6.2 billion to create the largest specialty chemical and dye manufacturer in the world. The merger will probably trim their combined laborforces by 5% or around 3,000 positions throughout the world as the new company will attempt to reap $444 million in savings per year. The merger partners plan to name their new firm Clariant whose president will be current Clariant president Rolf Schweizer.

Comment:

Is merging with Ciba Specialty Chemicals AG of Switzerland via a stock swap transaction valued at $6.2 billion

Acquisitions & mergers, Switzerland, Basic Chemical Manufacturing, Specialty Chemicals, Clariant AG, Ciba Specialty Chemicals AG, Article

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X is the known quantity, baby

Article Abstract:

It is estimated that family businesses with an estimated A$607 billion will change hands within the next 10 years. Many of the private businesses were set up in the post World War II years, and members of the Baby Boom generation will be the prime beneficiaries of the generational transfer of assets. Ironically, there is a dearth or entrepreneurship among the Baby Boom generation.

Australia, Economic aspects, Forecasts and trends, Distribution of decedents' estates, Family-owned business enterprises, Family-owned businesses, Baby boom generation

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