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People & Business :: Companies
Chemical Fire Burns in Midland
April 18, 2007 | Robert Westervelt Robw@Chemweek.Com
Those rumors about a planned leveraged buyout of Dow Chemical may not have been exaggerated after all. Dow charged last week that Pedro Reinhard, a senior adviser, former CFO, and current member of its board, and Romeo Kreinberg, executive v.p./performance plastics and chemicals, “were involved in unauthorized discussions with third parties about the potential acquisition of the company.” Both were fired last Thursday (p. 8). Dow chairman and CEO Andrew Liveris has labored since late January to defuse speculation about a buyout or breakup of the...
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