Ashland Inc., which soared to a record this month after activist Jana Partners LLC disclosed a stake in the company, stands to boost the lowest valuation in the specialty-chemicals industry by breaking itself up.
Trian Fund Management LP, the hedge fund co-founded by activist Nelson Peltz, boosted its stake in DuPont Co. and met top executives to discuss ways to increase shareholder value, according to people familiar with the matter.
Dow Chemical Co. , the largest U.S. chemical maker, posted second-quarter profit that trailed analysts’ estimates after adverse weather curbed crop-chemical demand and plants in Texas and Argentina unexpectedly shut.
DuPont Co., the biggest producer of titanium dioxide pigment, is considering whether earnings volatility from the whitening chemical mean the business should be sold, Chief Executive Officer Ellen Kullman said.
U.S. corporations are set to report their most profitable fourth quarter on record as companies from Apple Inc. to Dow Chemical Co. feed the demand for iPads, caustic soda and capital goods that’s bolstering the economy.