in this issue
World News and Views :: Top of the News
Dow rejects proposed breakup, reaffirms current strategy (updated)
12:32 PM MST | February 14, 2014 | Clay Boswell
Dow Chemical has rejected a proposal by hedge fund Third Point (New York) that the company spin off its petrochemical operations. The benefits of vertical integration, scale, and shared technologies would be lost, while a significant breakup, “simplistically described as petrochemical and specialty chemical assets,” would create no additional value, says Dow. In response, Third Point offered to sign a non-disclosure agreement to review Dow's analysis....
This information is only available to Chemical Week subscribers.
Forgot your user ID or password?
Not an IHS Chemical Week member yet?
Here's why you should be:
100% Satisfaction Guarantee