IHS Chemical Week

EnviroTech :: Regulatory

Consultants Say Former Dow Execs Pursued LBO

12:26 PM MST | November 9, 2007 | Robert Westervelt

Two former Dow Chemical executives held direct meetings with investors interested in pursuing a leveraged buyout (LBO) of Dow, according to statements by consultants involved in the LBO negotiations. The claims, made in court papers filed last week, are the latest volley in a legal battle between Dow and its former executives—Pedro Reinhard, a senior adviser, former CFO and member of Dow’s board, and Romeo Kreinberg, former executive v.p./performance plastics and chemicals. Records and statements obtained from several third-party sources during the...

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