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People & Business :: Companies
Looks Great on Paper, But...
1:09 PM MDT | July 24, 2007 | Robert Westervelt Robw@Chemweek.Com
A report in the U.K. tabloid Sunday Express saying that Dow Chemical may receive a takeover bid sparked a rally in Dow shares and speculation about whether such a deal is possible (p. 11). Rumors of a major chemical buyout have circulated since last year, fueled by the voracious acquisition appetite of private equity firms for ever-bigger deals and the depressed stock prices at some chemical firms. “A couple of the global chemical majors look very appealing to private equity right now,” one investment banker says. “Private equity firms look at...
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