Issue Date: January 27, 2014
Hedge Fund Targets Dow
A hedge fund run by billionaire investor Daniel S. Loeb has purchased a large stake in Dow Chemical and wants the company, the largest chemical maker in the U.S., to break itself into separate commodities and specialties firms.
The fund, Third Point, didn’t disclose the size of its stake, saying only that Dow is currently its largest investment. However, published reports value the fund’s interest in Dow at $1.3 . . .
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