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Chemical Week Magazine :: Business & Finance :: United States/Americas
Third Point confirms 1.8% Dow holding, takes stake in FMC
6:22 AM MDT | August 29, 2014 | â€”Robert Westervelt
Hedge fund Third Point reports holding a 22-million share stake in Dow Chemical, valued at $1.1 billion, according to its second-quarter report on US-traded equity holdings filed with SEC on 14 August. Third Point has called for Dow to consider spinning off its petrochemical operations. The reported holdings are in line with previous reports about the size of Third Pointâ€™s stake. Third Point also added stakes in FMC and DSM during the quarter. Third Point has revealed a new position in FMCâ€”1.6 million shares, a 1.2% stake valued at $110.3 million, according...
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