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Chemical Fire Burns in Midland

11:38 AM MDT | July 27, 2007 | Robert Westervelt Robw@Chemweek.Com

Those rumors about a planned leveraged buyout of Dow Chemical may not have been exaggerated after all. Dow charged last week that Pedro Reinhard, a senior adviser, former CFO, and current member of its board, and Romeo Kreinberg, executive v.p./performance plastics and chemicals, “were involved in unauthorized discussions with third parties about the potential acquisition of the company.” Both were fired last Thursday (p. 8). Dow chairman and CEO Andrew Liveris has labored since late January to defuse speculation about a buyout or breakup of the...

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