Hedge Fund Targets Dow | January 27, 2014 Issue - Vol. 92 Issue 4 | Chemical & Engineering News
 
 
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Volume 92 Issue 4 | p. 7 | News of The Week
Issue Date: January 27, 2014

Hedge Fund Targets Dow

Activist Investor: Third Point wants big chemical maker to split in two
Department: Business
Keywords: hedge fund, activist investors, petrochemicals M&A

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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