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Dow Chemical Co (DOW.N)

DOW.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Dow declares quarterly dividend of 46 cents per share
Thursday, 8 Sep 2016 08:00am EDT 

Dow Chemical Co :Dow declares quarterly dividend of 46 cents per share.  Full Article

Dupont updates on European Commission extension for merger
Friday, 2 Sep 2016 05:06pm EDT 

Dupont : On September 2, 2016, Dupont And Dow mutually agreed to grant european commission an extension of 10 working days in connection with its phase ii review. . Dupont And Dow are very focused on working with European Commission toward closing transaction by end of 2016 . Extension represents latest date for European Commission action under updated timeline .In event European Commission utilizes full extension, closing of transaction would be expected to occur in early part of 2017.  Full Article

Fitch Maintains Dow's 'BBB' IDR on Rating Watch Positive
Friday, 12 Aug 2016 12:40pm EDT 

Fitch Ratings : Fitch Maintains Dow's 'BBB' IDR On Rating Watch Positive .On Dow Chemical - Positive Watch Reflects Fitch's Expectation That Financial Leverage Will Trend Down Through Intended Merger Of Dow And Dupont.  Full Article

Fitch maintains negative watch on DuPont's 'A' IDR
Thursday, 11 Aug 2016 05:41pm EDT 

Fitch On Dupont : Negative watch reflects risk that leverage could be elevated following dowdupont merger and through subsequent spin-off .Fitch maintains negative watch on dupont's 'a' idr.  Full Article

Dow, DuPont continue to expect merger to close by year-end 2016
Thursday, 11 Aug 2016 10:08am EDT 

Dow Chemical Co : Dow and DuPont statement regarding phase II review by European commission . Companies continue to believe merger is "procompetitive and good for customers and consumers" . Says will continue to work constructively with commission to address their concerns and to obtain clearance for merger .Dow and DuPont continue to expect transaction to close by year-end 2016.  Full Article

Nanoco Group says royalty payment from DOW higher than first royalty
Monday, 8 Aug 2016 02:00am EDT 

Nanoco Group Plc : FY revenue 1.9 mln stg . Nanoco is in process of transferring its improved manufacturing processes to The Dow Chemical Company (DOW) . Says revenues in year were 1.9 mln stg(FY 2015: 2.0 mln stg) .Royalty payment from DOW for quarter ended June 30 2016 and, although modest, is higher than first royalty received earlier this year.  Full Article

Dow reports Q2 sales of $12 billion
Thursday, 28 Jul 2016 06:45am EDT 

Dow Chemical Co : Dow reports second quarter results . Q2 sales $12 billion versus I/B/E/S view $11.24 billion . "Continue to see healthy demand in North America, led by the strength of the consumer" . "Continue to see favorable conditions and robust demand in our core consumer-led markets ... throughout the world" . "Measured recovery in Europe continues, despite heightened geopolitical uncertainties" ."Latin America is showing early signs of improvement from a low base".  Full Article

Dow Chemical Q2 earnings per share on an operating basis $0.95
Thursday, 28 Jul 2016 06:45am EDT 

Dow Chemical Co : Q2 earnings per share on an operating basis $0.95;‍​ Q2 earnings per share $2.61 on a reported basis . Q2 sales were $12.0 billion, down 7 percent . Agricultural Sciences reported second quarter sales of $1.6 billion, down from $1.7 billion . Performance Plastics reported second quarter sales of $4.7 billion, down from $4.8 billion . "The pace of economic growth remains uneven across the major geographies"; "Latin America is showing early signs of improvement from a low base" . Performance Materials & Chemicals reported second quarter sales of $2.3 billion, down from $3.2 billion .Q2 earnings per share view $0.85, revenue view $11.24 billion -- Thomson Reuters I/B/E/S.  Full Article

Dow and DuPont stockholders approve merger
Wednesday, 20 Jul 2016 10:26am EDT 

Dow Chemical Co: Dow and DuPont stockholders approve merger .Companies expect merger transaction to close in second half of 2016.  Full Article

Moody's says eventual DowDuPont spin-off butterfly to support bonds
Wednesday, 13 Jul 2016 11:02am EDT 

Moody's: Eventual DowDupont Spin-off butterfly to support bonds . Execution risk is meaningful, due to complexities of combining, restructuring, realizing synergies within the entity .Lack of clarity surrounding which legal entity, assets from future spincos will service dupont bonds on post-spin basis is a risk to bondholders.  Full Article

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Loeb's Third Point makes more new bets on energy, cuts stake in Dow

BOSTON Billionaire investor Daniel Loeb's hedge fund Third Point added new bets in the energy and information technology sectors with investments in Whiting Petroleum Corp., Facebook and Activision Blizzard Inc, according to regulatory filings on Friday.