|Day's Range||27.14 - 27.88|
|52 Week Range||14.16 - 28.20|
|PE Ratio (TTM)||19.15|
|Earnings Date||Jul 27, 2017|
|Dividend & Yield||0.50 (1.81%)|
|1y Target Est||29.63|
Swiss chemicals maker Clariant said on Thursday its $20 billion merger with peer Huntsman Corp remained on track with a preliminary filing for approval from the U.S. authorities filed. Clariant said it had "high confidence" of meeting synergy targets of more than $400 million and $25 million in tax savings from combining the two companies. Earlier this month Clariant revealed that U.S. activist investor White Tale Holdings has increased its stake to more than 10 percent as it seeks to block the planned merger with Huntsman.
The chemical industry's momentum is expected to continue in Q2 on continued strength across major end-use markets.
Zacks Industry Outlook Highlights: FMC, PPG Industries, Huntsman, Methanex and H.B. Fuller