Day: January 3, 2022

AD HOC ANNOUNCEMENT PURSUANT TO ART. 53 LR  Divestment is a final milestone in Clariant’s portfolio transformation Clariant retains a 20 % stake in newly formed Group Net cash inflow of approximately CHF 615 million from divestment at closing will be invested into growth within the core Business Areas, the ongoing transformation and further debt reductionMUTTENZ, JANUARY 3, 2022 Clariant, a focused, sustainable and innovative specialty chemical company, today completed the sale of its Pigments business to a consortium of Heubach Group (“Heubach”) and SK Capital Partners (“SK Capital”). As announced upon signing of the transaction, the base enterprise value of the sale amounts to CHF 805 million subject to closing accounts adjustments and before a potential earn-out payment of CHF 50 million which is subject to the business’ 2021 financial...

JASPER, Ind., Jan. 03, 2022 (GLOBE NEWSWIRE) — German American Bancorp, Inc. (Nasdaq: GABC) announced today that it has completed its merger with Citizens Union Bancorp of Shelbyville, Inc., the parent company of Citizens Union Bank of Shelbyville, Inc. of Shelbyville, Kentucky, effective at 12:01 a.m. (Eastern time) on January 1, 2022. Immediately following completion of the holding company transaction, Citizens Union Bank merged with and into German American’s banking subsidiary, German American Bank. Each Citizens Union common shareholder of record at closing is entitled to receive a 0.7739 share of German American common stock and a cash payment of $13.44 for each of their former shares of Citizens Union common stock, subject to their surrender of the old Citizens Union shares to the exchange agent designated by German American....