CW Insider, Aug. 10: Stabilizing Dow

Dow Chemical has had a busy few months. The company started work on the integration of Rohm and Haas (R&H) in concert with a massive restructuring in response to the economic downturn. Investor confidence is returning as Dow shares have quadrupled off March lows of around $6/share. Short-term debt pressures have eased but Dow’s total debt stands at $23.8 billion—not including $4 billion in debt-like preferred equity issued in April to Berkshire Hathaway and the Kuwait Investment Authority—up from about $12 billion at year-end 2008. Dow has...

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