Clariant AG http://www.alacrastore.com/company-snapshot/Clariant_AG-1087992 Friday, July 18, 2008 11:06:55 PM 1087992 Clariant AG en AlacraStore RSS Builder 1.0 30 US - Clariant International AG acquired Rite Systems Inc, a West Chicago-based manufacturer of liquid colors. The transaction included Ricon Colors Inc.7/12/2008 11:20:41 AM18046R76783Z18046R76783ZClariant International AGRite Systems IncClariant International AGRite Systems Inchttp://www.alacrastore.com/storecontent/Thomson_M%26A/Clariant_International_AG_acquires_Rite_Systems_Inc-1995282020sdc/19952820201995282020Copyright © 2008, Thomson Financial, All Rights ReservedSwiss ExchChemicals and Allied ProductsSwitzerlandAlkalies and chlorine2812FFForeignPublicCLN2812:Alkalies and chlorine2813:Industrial gases2816:Inorganic pigments2819:Industrial inorganic chemicals, nec2861:Gum and wood chemicals2865:Cyclic crudes and intermediates, and organic dyes2869:Industrial organic chemicals, nec2899:Chemicals and chemical preparations, nec2812:Alkalies and chlorine2813:Industrial gases2816:Inorganic pigments2819:Industrial inorganic chemicals, nec2861:Gum and wood chemicals2865:Cyclic crudes and intermediates, and organic dyes2869:Industrial organic chemicals, nec2899:Chemicals and chemical preparations, necChemicals and Allied ProductsUnited StatesPaints, varnishes, lacquers, & allied products2851ILIllinoisPrivate315787002Mnfr industrial chemMnfr liquid colorUnspecifiedStock1028423001Jul 12 20080.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000001.000002.000003.000004.000005.000006.000007.000008.000009.0000010.00000Clariant International AG,located in Muttenz,manufactures industrialchemicals in the fields oftextiles, leather and paper,pigments and additives,functional chemicals, lifescience chemicals andmasterbatches. The company wasfounded in 1995Clariant International AG, located in Muttenz, manufacturesindustrial chemicals in the fields of textiles, leather andpaper, pigments and additives, functional chemicals, lifescience chemicals and masterbatches. The company was foundedin 1995Clariant International AG, located in Muttenz, manufactures industrial chemicals in the fields of textiles, leather and paper, pigments and additives, functional chemicals, life science chemicals and masterbatches. The company was founded in 19951.000002.000003.000004.000005.000006.00000Rite Systems Inc, located inWest Chicago, Illinois,manufactures liquid color anddevelops products for theclosure markets. The companywas founded in 1987.Rite Systems Inc, located in West Chicago, Illinois,manufactures liquid color and develops products for theclosure markets. The company was founded in 1987.Rite Systems Inc, located in West Chicago, Illinois, manufactures liquid color and develops products for the closure markets. The company was founded in 1987.0.000000.000000.000000.00000Y10 Jul 08Thu, 10 Jul 2008 00:00:00 ESTDate Announced: 07/10/200810 Jul 08Date Effective: 07/10/200810 Jul 08MergerFriendly0.000000.000000.000000.000000.000000.00000Price/Share0.0000000.000000.0000000.00000100.00000100.000000.000000.000000.0000000.00000N0.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.00000100.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000001.000002.000003.000004.000005.000006.00000US - Clariant International AGacquired Rite Systems Inc, aWest Chicago-basedmanufacturer of liquid colors.The transaction included RiconColors Inc.US - Clariant International AG acquired Rite Systems Inc, a West Chicago-based manufacturer of liquid colors. The transaction included Ricon Colors Inc.US - Clariant International AG acquired Rite Systems Inc, a West Chicago-basedmanufacturer of liquid colors. The transaction included Ricon Colors Inc.US - Clariant International AG acquired Rite Systems Inc, a West Chicago-based manufacturer of liquid colors. The transaction included Ricon Colors Inc.US - Clariant International AG acquired Rite Systems Inc, a West Chicago-based manufacturer of liquid colors. The transaction includedRicon Colors Inc.Completed0.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.00000Status:Completed-999.00000np0.00000-999.00000np0.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000002851:Paints, varnishes, lacquers, & allied products2865:Cyclic crudes and intermediates, and organic dyes3952:Lead pencils, crayons, and artists' materials315787002Swiss ExchSwitzerland2812ForeignPublicCLN2851:Paints, varnishes, lacquers, & allied products2865:Cyclic crudes and intermediates, and organic dyes3952:Lead pencils, crayons, and artists' materials1028423001United States2851IllinoisPrivate0.000000.000000.000000.00000Deal InformationThomson Financial Mergers & Acquisitionshttp://www.alacrastore.com/storecontent/moodys/PR_154796_809298169moodys/PR_154796_809298169htmlGlobal Credit Research Rating Action # MAY #### Rating Action: Clariant Finance (Luxembourg) S.A. Moody's downgrades Clariant AG to Baa#; outlook stable. London, ## May #### -- Moody's Investors Service has today downgraded ratings...5/7/2008 12:47:17 AMhtmlClariant Finance (Luxembourg) S.A.Clariant AGClariant AG; Clariant Finance (Luxembourg) S.A.809298169600017356150.0000NewsRating ActionPR_154796_809298169Credit & Investment ResearchMoody's Global Credit Researchhttp://www.alacrastore.com/storecontent/ccbn/T1823402ccbn/T1823402norm...Good morning and good afternoon. This is the Chorus Call conference operator. Welcome to the Clariant first quarter #### results conference call. As a reminder, all participants are in a listen-only mode and the conference is being recorded. After the presentation there will be an opportunity to ask questions. (OPERATOR INSTRUCTIONS) At this time I would like to turn the conference over to Mr. Ulrich Steiner, Head of Investor Relations. Please go ahead, sir. ... 4/30/2008 11:05:00 AMClariant Ltd.54.0000FinalQ1 2008 Clariant Ltd. Earnings Conference Call TranscriptCLN.S10:00am CETTranscriptT1823402Credit & Investment ResearchThomson Street Eventshttp://www.alacrastore.com/storecontent/spcred/635643spcred/635643normThe latest News from S&P3/14/2008 10:47:16 AMNews100global635643SwitzerlandSpecialty ChemicalsEurope, Middle East, AfricaGlobal IssuersCorporationsChemicalsNewsFRANKFURT (Standard&Poor's) March 14, 2008--Standard&Poor's Ratings Services said today it lowered its long-term corporate credit rating on Switzerland-based specialty chemicals producer Clariant AG to 'BBB-' from 'BBB'. The downgrade reflects the company's weak underlying profitability and subpar cash flow coverage. At the same time, we affirmed the 'A-3' short-term rating on Clariant. We expect the company to generate only moderate free operating cash flow over the next two years. The outlook is stable. Clariant was only partly able to benefit from the strong economic environment over the past few years with volumes supporting revenue growth. Despite increasing its capacity utilization, the company did not manage to cope with the effects of higher raw material costs andCHE15101050 151010 1510 15Clariant AG394402EUROMIDAFRCLARNEWSGLOBISSCORPChemicalsCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/spcred/635644spcred/635644normThe latest Research Update from S&P3/14/2008 10:47:16 AMResearch Update175global635644SwitzerlandSpecialty ChemicalsEurope, Middle East, AfricaGlobal IssuersCorporationsChemicalsResearch UpdateOn March 14, 2008, Standard&Poor's Ratings Services lowered its long-term corporate credit rating on Switzerland-based specialty chemicals producer Clariant AG to 'BBB-' from 'BBB'. The downgrade reflects the company's weak underlying profitability and subpar cash flow coverage. At the same time, we affirmed the 'A-3' short-term rating on Clariant. We expect the company to generate only moderate free operating cash flow over the next two years. The outlook is stable. Clariant was only partly able to benefit from the strong economic environment over the past few years with volumes supporting revenue growth. Despite increasing its capacity utilization, the company did not manage to cope with the effects of higher raw material costs and intense competition. Its profitability continuedCHE15101050 151010 1510 15Clariant AG394402EUROMIDAFRCLARRESUPDGLOBISSCORPChemicalsCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/ccbn/T1752167ccbn/T1752167normQ# #### Clariant Ltd. Earnings Conference Call2/14/2008 9:05:49 PMClariant Ltd.106.0000FinalQ4 2007 Clariant Ltd. Earnings Conference Call TranscriptCLN.S3:00pm CETTranscriptT1752167Credit & Investment ResearchThomson Street Eventshttp://www.alacrastore.com/storecontent/moodys/COP_600017356moodys/COP_600017356htmlGlobal Credit Research Credit Opinion # MAY #### Credit Opinion: Clariant AG Clariant AG Switzerland Ratings Category Moody's Rating Outlook Stable Issuer Rating -Dom Curr Baa# Senior Unsecured -Dom Curr Baa# Clariant Finance (Luxembourg)...1/4/2008 2:20:00 AMhtmlClariant AGClariant AG600017356150.0000NewsCredit OpinionCOP_600017356Credit & Investment ResearchMoody's Global Credit Researchhttp://www.alacrastore.com/storecontent/moodys/PBC_95456moodys/PBC_95456pdfAnalysis12/21/2007 4:55:16 AM...Clariant AG (rated Baa#, stable outlook) is the parent holding company for the Clariant Group. The group was formed following the spin-off (through an IPO) by the Sandoz Group (now part of Novartis) of its chemical division in June ####. ... Clariant AG600017356300.00AnalysispdfClariant AGPBC_95456Credit & Investment ResearchMoody's Global Credit Researchhttp://www.alacrastore.com/storecontent/spcred/617577spcred/617577normThe latest Full Report from S&P12/5/2007 1:04:27 PMFull Report400global617577SwitzerlandSpecialty ChemicalsEurope, Middle East, AfricaGlobal IssuersCorporationsChemicalsFull ReportLeading producer of broad range of specialty chemicals including pigments for paints, dyes, and plastics Good regional, product, and end-market diversification Initiated restructuring program and push for innovation expected to benefit portfolio Weak pricing power and rising raw-material costs Weak profitability and large working capital needs Execution of restructuring program lacks speed The ratings on Switzerland-based specialty chemicals manufacturer Clariant AG reflect its satisfactory business risk profile as a leading producer of specialty chemicals and its intermediate financial risk profile. The ratings are supported by its strong regional, product, customer, and end-market diversification. Clariant is a leading producer of pigments used in paints, dyes, and plastics. It also has a leading market position as a producer of surfactants and bleachingCHE15101050 151010 1510 15Clariant AG394402EUROMIDAFRCLARFULLGLOBISSCORPChemicalsCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/spcred/617579spcred/617579normThe latest Summary from S&P12/5/2007 1:04:27 PMSummary175global617579SwitzerlandSpecialty ChemicalsEurope, Middle East, AfricaGlobal IssuersCorporationsChemicalsSummaryThe ratings on Switzerland-based specialty chemicals manufacturer Clariant AG reflect its satisfactory business risk profile as a leading producer of specialty chemicals and its intermediate financial risk profile. The ratings are supported by its strong regional, product, customer, and end-market diversification. Clariant is a leading producer of pigments used in paints, dyes, and plastics. It also has a leading market position as a producer of surfactants and bleaching for detergents. The ratings are constrained by Clariant's continuously weak profitability and only modest operating cash flow generation over the past few years, despite the introduction of significant restructuring methods. Standard&Poor's Ratings Services expects that Clariant's business profile has weakened over the past few years as the percentage of productsCHE15101050 151010 1510 15Clariant AG394402EUROMIDAFRCLARSUMMARYGLOBISSCORPChemicalsCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/moodys/PR_144467_809298169moodys/PR_144467_809298169htmlRating Action11/15/2007 1:31:50 AMGlobal Credit Research Rating Action ## NOV #### Rating Action: Clariant Finance (Luxembourg) S.A. Moody's changes outlook on Clariant Baa# ratings to negative. London, ## November #### -- Moody's Investors Service has today changed...Clariant Finance (Luxembourg) S.A.809298169150.0000Newshtml600017356Clariant AGClariant AG; Clariant Finance (Luxembourg) S.A.PR_144467_809298169Credit & Investment ResearchMoody's Global Credit Researchhttp://www.alacrastore.com/storecontent/ccbn/T1678304ccbn/T1678304norm11/7/2007 6:05:00 PMClariant Ltd.54.0000FinalQ3 2007 Clariant Ltd. Earnings Conference Call TranscriptCLN.S3:00pm CET...Good afternoon. This is the Chorus Call conference operator. Welcome to the Clariant nine months #### results conference call. As a reminder, all participants are in listen-only mode, and the conference is being recorded. (OPERATOR INSTRUCTIONS). At this time, I would like to turn the conference over to Holger Schimanke, Head Investor Relations. Please go ahead, sir. ... TranscriptT1678304Credit & Investment ResearchThomson Street Eventshttp://www.alacrastore.com/storecontent/spcred/597672spcred/597672normThe latest News from S&P8/23/2007 8:28:27 AMNews100global597672SwitzerlandSpecialty ChemicalsEurope, Middle East, AfricaGlobal IssuersCorporationsChemicalsNewsFRANKFURT (Standard&Poor's) Aug. 23, 2007--Standard&Poor's Ratings Services said today it revised its outlook on Switzerland-based specialty chemicals manufacturer Clariant AG to negative from stable, reflecting its continuing weak cash flow generation. As a result, we also lowered the short-term corporate credit rating on Clariant to 'A-3' from 'A-2'. The 'BBB' long-term corporate credit rating was affirmed. "We are concerned that Clariant's cash flow generation remains weak as a result of weak pricing power, further restructuring costs, and substantial working capital needs," said Standard&Poor's credit analyst Tobias Mock. "If it continues only to make moderate price increases in the coming quarters, and higher raw-material costs put further pressure on the company's profitability margins, the positiveCHE15101050 151010 1510 15Clariant AG394402EUROMIDAFRCLARNEWSGLOBISSCORPChemicalsCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/spcred/597673spcred/597673normThe latest Research Update from S&P8/23/2007 8:28:27 AMResearch Update175global597673SwitzerlandSpecialty ChemicalsEurope, Middle East, AfricaGlobal IssuersCorporationsChemicalsResearch UpdateOn Aug. 23, 2007, Standard&Poor's Ratings Services revised its outlook on Switzerland-based specialty chemicals manufacturer Clariant AG to negative from stable, reflecting its continuing weak cash flow generation. As a result, we also lowered the short-term corporate credit rating on Clariant to 'A-3' from 'A-2'. The 'BBB' long-term corporate credit rating was affirmed. We are concerned that Clariant's cash flow generation remains weak as a result of weak pricing power, further restructuring costs, and substantial working capital needs. If it continues only to make moderate price increases in the coming quarters, and higher raw-material costs put further pressure on the company's profitability margins, the positive effects expected from its initiated restructuring program would be dampened. The first-half resultsCHE15101050 151010 1510 15Clariant AG394402EUROMIDAFRCLARRESUPDLUXClariant Finance (Luxembourg) S.A.398800EUROMIDAFRGLOBISSCORPChemicalsCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/ccbn/T1609378ccbn/T1609378norm8/3/2007 8:08:00 AMClariant Ltd.54.00FinalInterim 2007 Clariant Ltd. Earnings Conference Call TranscriptCLN.S2:00pm CET...Good afternoon this is the Chorus conference call operator (inaudible) [we have here with us] conference call. At this time I would like to turn the conference over to Mr. Holger Schimanke, head investor relations client. Please go ahead, sir. ... TranscriptT1609378Credit & Investment ResearchThomson Street Events