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Chemical Week Magazine :: Regulatory

SEC May Probe Dow Takeover Bid

8:02 AM MDT | August 6, 2007 | Robert Westervelt

The SEC has launced a preliminary inquiry into whether two former Dow Chemical executives secretly tried to put the company in play, according to industry sources. It is not clear whether the SEC will pursue a formal investigation of the matter, which would likely include a review of unusual trading in Dow stock that may have resulted, sources say. The inquiry may also look at a previously undisclosed $40-billion bid that Dow allegedly made to acquire DuPont last fall, published reports say. Dow and DuPont both declined to comment on the Dow acquisition bid...

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