(Reuters) White Tale, the investment vehicle of hedge fund manager Keith Meister and New York City-based fund 40 North, had increased its Clariant stake to more than 20 percent, Reuters reported on Thursday ahead of the announcement of the tie-up being dropped. White Tale’s rising stake, coupled with other Clariant shareholders who came out against the deal, left the Swiss company doubtful of mustering the two-thirds support necessary for the merger to go through.
Activist Investors Torpedo Clariant, Huntsman $20 Billion Merger
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