Houston— Huntsman and Ciariant announced that their board of directors unanimously approved a definitive agreement to combine in a merger of equals, through an all-stock transaction valued at around $20-billion. The merged company, to be named HuntsmanClariant, "will create a leading global specialty chemical company," the companies said. The merger is expected to close by the end of this year, subject to shareholder approval from both companies, regulatory approvals and other customary closing conditions.
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