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Dow Acquires Wolff Walsrode Business from Bayer

1:38 PM MDT | January 10, 2007 | Esther D’Amico

Dow Chemical’s recent acquisition of Bayer’s Wolff Walsrode (Walsrode, Germany) cellulosics subsidiary, strengthens Dow’s differentiated portfolio and reduces its earnings cyclicality, says David Begleiter, analyst at Deutsche Bank (New York). Deutsche Bank estimates that Dow paid about $585 million for the business. The deal is expected to close in the first half, and is subject to regulatory approval. Kreinberg: Creating a $1-billion business. Wolff Walsrode had 2005 revenues of more than $400 million, and will be integrated into Dow’s...

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