Stabilizing Dow Chemical

Dow Chemical CEO Andrew Liveris says the second quarter was perhaps the most active in the company’s history. The company started work on the integration of Rohm and Haas (R&H) in concert with a massive restructuring in response to the economic downturn. It issued debt and equity and signed four divestiture agreements that put it on track to retire a $9.2-billion bridge loan ahead of schedule. Investor confidence is returning as Dow shares have quadrupled off March lows of around $6/share. While the situation at Dow may have stabilized, some more very...

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