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Clariant to buy Huntsman for $6.4bn as M&A surges

Bloomberg Clariant AG agreed to buy Huntsman Corp. in an all-stock deal valuing the US company at about $6.4 billion, extending a record run in transactions in the global chemicals industry. Huntsman holders will get 1.2196 shares in the new company, to be called HuntsmanClariant, for each share they own, with Clariant emerging with a 52 percent stake, the two ...

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UK gas plunges as cargoes sail to oversupplied Europe

Bloomberg Cargoes from around the world filled with liquefied natural gas are sailing to Europe just when the region doesn’t really need them. Same-day gas in the UK fell the most since October as forecasts for the week showed summer is arriving early, weakening demand for the heating fuel. That comes just as LNG vessels that set sail for Europe ...

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EU finalizes Brexit position as UK threatens to quit talks

Bloomberg European Union ministers finalized their Brexit negotiating position a day after the UK threatened to quit talks on its departure unless the bloc drops its demands for a divorce payment as high as 100 billion euros ($112 billion). Governments of 27 remaining nations approved their mandate for EU’s chief negotiator Michel Barnier at a two-hour meeting in Brussels. The ...

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