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.
Syngenta AG, the world’s largest maker of crop chemicals, reported profit that missed analysts’ estimates and Chief Executive Officer Mike Mack pledged to cut $1 billion in costs by 2018 to boost efficiency.
Dow Chemical Co. Chairman and Chief Executive Officer Andrew Liveris defended his strategy of integrating commodity chemicals with specialty products after activist investor Third Point LLC called for the company to spin off its petrochemicals assets.
Dow Chemical Co., facing pressure from activist investor Third Point LLC to break itself in two, tripled a share buyback program to $4.5 billion and raised its dividend while posting better-than-expected fourth-quarter earnings and sales.
Billionaire Daniel Loeb wants Dow Chemical Co. to spin off its petrochemicals unit, expects T- Mobile US Inc. to merge with Sprint Corp., and thinks the U.S. Government will exit Ally Financial Inc. in an initial public offering.
Dow Chemical Co. , the largest U.S. chemical maker, said its joint venture with Saudi Aramco may be among the last projects of such a size to benefit from cheaper energy and raw materials because Middle-East prices will rise.
Andrew Liveris, the chairman and chief executive officer of Dow Chemical Co., said he’s not going to be hurried into paying too much to redeem $3 billion of convertible preferred shares held by Warren Buffett.
Dow Chemical Co., the largest U.S. chemical maker by sales, reported first-quarter profit that beat analysts’ estimates as corn-seed sales rose and lower raw- material costs boosted earnings from plastics.