Dow Chemical says Dan Loeb's breakup plan would hurt its value
from Crain's Detroit Business
Dow Chemical Co., facing pressure from Dan Loeb's Third Point LLC to split itself in two, said an internal strategic review concluded that such a move would reduce the value of the largest U.S. chemical company. The review by the board, management team and external advisers found that creating separate petrochemical and specialty chemical businesses would negatively affect Dow's "value proposition," the Midland-based company said recently in a regulatory filing.
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