SAN FRANCISCO With a large investor calling for Corbion NV to explore strategic alternatives, the company is committed to moving forward on a far-reaching restructuring program.
While Amsterdam-based Corbion first announced the restructuring plan in October, launching it in response to soft weak financial results, details about the plan were shared in response to a letter from San Francisco-based Inclusive Capital Partners. The investment firm holds a 10% stake in Corbion, accumulated over the past two years. In its response, Corbion left the door open to alternative courses saying it would consider Inclusives suggestions.
Taking the company private was among options Corbion could consider, Inclusive Capital said.
As a private business…
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