Clariant sticks to extra $1 billion payout, scrubs dividend in crisis
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ZURICH (Reuters) - Clariant is scrapping a regular dividend as it hunkers down to survive the COVID-19 crisis, the Swiss specialty chemicals maker said on Thursday, while still planning a special $1 billion payout from asset-sale proceeds, if they go through. "Our society is confronted with an uncertain and unprecedented economic environment," Clariant's executive chairman, Hariolf Kottmann, said. "The Board of Directors believes in taking a balanced approach towards distributions to..