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Banks lose out as $10bn chemicals deal falls through

Companies feared activist investors would convince enough shareholders to veto the merger

Banks lose out as $10bn chemicals deal falls through

Independent advisory house Moelis has missed out on completing one of its biggest deals of the year after a merger between two chemicals giants was called off.

Clariant and Huntsman announced overnight that they had terminated merger plans due to pressure from activist investors based in the US.

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