People & Business :: People/Executives
Former Dow Execs Admit to ‘Unauthorized’ Buyout Talks
2:11 PM MDT | June 16, 2008 | Michelle Bryner
Former Dow Chemical executives Pedro Reinhard and Romeo Kreinberg have admitted to participating in unauthorized discussions regarding a leveraged buyout (LBO) of Dow. The admission is part of a legal settlement that ends a year-long dispute between the two parties. Reinhard, a former Dow senior adviser, CFO, and board member, together with Kreinberg, former Dow executive v.p./performance plastics and chemicals, acknowledge that they participated in secretly holding meetings with potential buyers and investors in an attempt to launch a hostile takeover of Dow...
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