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Dow Divest Chlorine Business For $5 Billion
2015-03-30 22:10:25| Chemicals - Topix.net
In a move that market watchers are calling "highly complementary to the strategic objectives of both companies" The Dow Chemical Company has split its chlor-alkali and derivatives business from other petrochemicals, and merged chlorine operations with Olin Corporation in a deal worth $5 billion. Through a tax-efficient Reverse Morris transaction, the two have created a company that could be the industry leader in chlor-alkali operations, tentatively valued at $7 billion.
Tags: business
billion
dow
chlorine
Dow Chemical splits specialty chemical business in US$5 billion deal
2015-03-30 03:41:07| Canadian Plastics Headlines
Global chemical supplier Dow Chemical is breaking off a significant part of its chlorine operations in a deal with chlorine and sodium hydroxide maker Olin Corp. valued at US$5 billion. In a statement, Dow CEO and chairman Andrew Liveris said… The post Dow Chemical splits specialty chemical business in US$5 billion deal appeared first on Canadian Plastics.
Tags: business
deal
chemical
specialty
Dow Chemical: A Buy As Transformation Accelerates
2015-03-29 17:03:38| Chemicals - Topix.net
The company entered into an agreement with Olin Corporation to separate the majority of its chlorine business by spinning the business off into a joint venture. The company's spinoff of the majority of their chlorine business will cut its exposure to the low-margin chlorine business.
Tags: buy
chemical
transformation
dow
Dow Chemical to merge chlorine operations with Olin
2015-03-28 10:46:38| Chemicals - Topix.net
Dow Chemical Co. is combining a large part of its chlorine value chain with specialty chemicals and ammunition maker Olin Corp. to create a global materials firm with annual sales of almost $7 Don't worry, it's painless.
Tags: operations
chemical
dow
merge
Dow Chemical, Olin in $5B cash-and-stock deal
2015-03-27 14:19:00| Chemicals - Topix.net
Dow Chemical is breaking off a significant part of its chlorine operations in a deal with Olin Corp. valued at $5 billion. Dow has been under pressure from the hedge fund Third Point LLC to split its specialty chemical and petrochemical businesses.
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