TITLE

Fund calls for Dow to spin off business

AUTHOR(S)
Esposito, Frank
PUB. DATE
January 2014
SOURCE
Plastics News;1/27/2014, Vol. 25 Issue 43, p0001
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on a letter issued by hedge fund Third Point LLC urging chemical company Dow Chemical Co. to consider spinning off its petrochemicals business, including its massive plastics operations. Topics discussed include the impact of Third Point's comments on Dow's per-share stock price, a statement released by Dow officials pertaining to the letter, and Dow's earlier announcement to spin off or sell most of its chlorine value chain businesses.
ACCESSION #
94199846

 

Related Articles

  • Activist targets Dow, seeks spin-off. Greenwood, Al; Chang, Joseph // ICIS Chemical Business;1/27/2104, Vol. 285 Issue 4, p6 

    The article discusses a stake taken by the Third Point hedge fund in Dow Chemical and a plan to spin off the latter's petrochemical business. Topics addressed include Third Point chief executive officer and activist investor Dan Loeb's projections of the standalone petrochemical company's...

  • Dow rejects proposed breakup and defends current strategy. BOSWELL, CLAY // Chemical Week;2/17/2014, Vol. 176 Issue 5, p9 

    The article reports that Dow Chemical has rejected the proposal of hedge fund Third Point to spin off the company's petrochemical operations. It reports that Dow has stated that a spin off will not create any additional value for the company. It discusses Third Point's claim that Dow has a poor...

  • Hedge fund Third Point pushes Dow for petrochemical spin-off. WESTERVELT, ROBERT // Chemical Week;1/27/2014, Vol. 176 Issue 3, p6 

    The article discusses the business initiatives of the chemical company Dow Chemical Co. as of January 2014, focusing on its response to an initiative from the hedge fund Third Point LLC and the investor Daniel Loeb which aims to convince Dow to spin-off its petroleum chemicals division. Topics...

  • Dow's Liveris answers Third Point criticism with consistent success. Esposito, Frank // Plastics News;5/26/2104, Vol. 26 Issue 11, p0006 

    The article discusses criticism of Dow Chemical chief executive officer (CEO) Andrew Liveris by activist investor Daniel Loeb and his Third Point LLC hedge fund. Topics include Loeb and Third Point's recommendation that Dow be split into two separate entities, assurances from American...

  • Third Point sharpens criticism of Dow's petchem strategy. WESTERVELT, ROBERT // Chemical Week;5/5/2014, Vol. 175 Issue 13, p13 

    The article discusses the activist hedge fund Third Point, led by investor Daniel Loeb, and its request of the specialty chemicals company Dow Chemical to provide details of and spin off its petrochemical operations as of May 2014. Third Point believes that the segment is under earning because...

  • The Morning Brief: Activists Grab the Spotlight, Again. Taub, Stephen // AR Magazine;Jan2014, Vol. 6 Issue 1, p29 

    This section offers hedge fund-related news briefs as of January 2014. Hedge fund firm Third Point acquired a stake in Dow Chemical Company. Starboard Value hedge fund manager Jeffrey Smith sent a letter to Darden Restaurants chairman Clarence Otis opposing the spin off plans for its Red Lobster...

  • Dow's Styron Unit Goes to Bain. MacFadyen, Ken // Mergers & Acquisitions Report;3/8/2010, Vol. 23 Issue 10, p8 

    The article reports on the decision of Dow Chemical to sell Styron Corp. to Bain Capital for 1.63 billion U.S. dollars. Some of the terms of the deal include the option for Dow to receive up to 15% of the equity of Styron and several long-term supply, service and purchase agreements that...

  • Dow may need to sell agro biz. Schnitzler, Peter // Indianapolis Business Journal;2/16/2009, Vol. 29 Issue 51, p1 

    The article reports the plan of Dow Chemical Co. to sell its agriculture-chemicals and biotech firm Dow AgroSciences LLC in Indianapolis, Indiana. It notes that Dow AgroSciences has recorded revenue of $885 million during the fourth quarter of 2008. According to Dow Chemical chief executive...

  • Dow Divests Assets; Defends Rohm and Haas Purchase. Westervelt, Robert; Seewald, Nancy // Chemical Week;5/18/2009, Vol. 171 Issue 14, p6 

    The article reports on divestment deals made by Dow Chemical. The company has entered into an agreement to sell its 45% share in Total Raffinaderij Nederland, its partnership with Total, to Valero Energy for about $725 million. Dow Chemical expects to obtain more than $3 billion from its...

Share

Read the Article

Courtesy of THE LIBRARY OF VIRGINIA

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics