Volume 92 Issue 34 | p. 5 | News of The Week
Issue Date: August 25, 2014 | Web Date: August 22, 2014

Activist Investors Take Stakes In FMC And DSM

Hedge funds target chemical firms for investment returns
Department: Business
Keywords: activist investors, spin-off, business sale, hostile investors

Jana Partners and Third Point, hedge funds run by activist investors Barry Rosenstein and Daniel Loeb, respectively, have each acquired stakes in agricultural and lithium chemicals maker FMC. Separately, Loeb’s fund has invested in DSM, a Dutch maker of polymers and nutrition ingredients.

Both investors are known to take stakes in firms—Dow Chemical and Ashland are examples—and then urge managers to make changes. But sometimes . . .

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