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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 Chemical forecasts Q3 revenue between $13 bln to $13.5 bln
Thursday, 27 Jul 2017 11:08am EDT 

July 27 (Reuters) - Dow Chemical Co ::Sees Q3 Dow revenue $13.0 billion to $13.5 billion - presentation.Favorable currency translation for EBITDA in 3Q16 will not repeat in 3Q17 in Agricultural Sciences segment‍​.Sees modest improvement in business earnings on pockets of tight supply/demand fundamentals for Perf. Materials & Chemicals EBITDA in Q3.Q3 revenue view $13.10 billion -- Thomson Reuters I/B/E/S.Says Y-O-Y operating EBITDA margin impact from Sadara in Q3 expected to be 25-50 bps decline on marketing arrangement‍​.Sees Q3 corporate segment EBITDA negative $80 million to negative $100 million.  Full Article

Dow Chemical Co CFO says expect total cost synergy of more than $650 mln across Dow - conf call
Thursday, 27 Jul 2017 10:19am EDT 

July 27 (Reuters) - Dow Chemical Co :Dow Chemical Co CFO says expect total cost synergy of more than $650 million across Dow, up more than 50 percent from previously stated target - conf call.  Full Article

Dow Chemical CEO on CNBC says see tax reform and regulatory reform coming
Thursday, 27 Jul 2017 09:00am EDT 

July 27 (Reuters) - :Dow Chemical CEO on CNBC - see tax reform and regulatory reform coming.  Full Article

Dow Chemical reports Q2 earnings per share $1.07
Thursday, 27 Jul 2017 06:45am EDT 

July 27 (Reuters) - Dow Chemical Co :Q2 earnings per share $1.07.Q2 operating earnings per share $1.08.Q2 sales increased to $13.83 billion, up 16 percent.Q2 earnings per share view $1.00, revenue view $13.59 billion -- Thomson Reuters I/B/E/S.Agricultural Sciences reported second quarter sales of $1.6 billion, up 3 percent.Q2 performance materials & chemicals sales $2.6 billion, up from $2.3 billion.Q2 performance plastics sales $5.1 billion, up from $4.7 billion.Dow Chemical's Liveris says Europe's improvement expected to remain steady.Dow Chemical's Liveris says Latam stabilizing with particular upside from agriculture sector.Dow Chemical's Liveris says "Brazil is showing early signs of recovery from a prolonged recession, though political uncertainty persists".  Full Article

Dow declares quarterly dividend of 46 cents/shr
Thursday, 13 Jul 2017 04:33pm EDT 

July 13 (Reuters) - Dow Chemical Co :Dow declares quarterly dividend of 46 cents per share.  Full Article

Dow names ‍pedro Suarez Chief Commercial Officer​
Thursday, 13 Jul 2017 12:00pm EDT 

July 13 (Reuters) - Dow Chemical Co ::Dow announces changes in key executive leadership roles.‍Pedro Suarez named chief commercial officer​.Matt Davis adds North American Geographical President role​.‍Joe Harlan retires​.Chief commercial officer ‍Joe Harlan has elected to retire from company at close of Dow Dupont merger ​.  Full Article

Dow to divest portion of its corn hybrid seed business in Brazil to CITIC Agri Fund for $1.1 bln​
Tuesday, 11 Jul 2017 05:00pm EDT 

July 11 (Reuters) - Dow Chemical Co ::Dow to divest a portion of its corn hybrid seed business in brazil to citic agri fund.Dow to divest a portion of its corn hybrid seed business in brazil to citic agri fund.Dow chemical co - transaction marks continued progress in proposed dow and dupont transaction.Dow chemical co - deal for ‍purchase price of $1.1 billion​.Dow chemical co - both companies are working together for a "seamless" transition for all stakeholders.Dow chemical co - merger transaction is still expected to generate cost synergies of approximately $3 billion and growth synergies of $1 billion.Dow chemical co - dow and dupont continue to work constructively with regulators in remaining jurisdictions to obtain clearance for merger.Dow chemical co - companies have reaffirmed expectation to close merger in august 2017, with intended spin-offs to occur within 18 months of closing.Dow chemical co - ‍entered into a definitive agreement with citic agri fund to divest a select portion of dow agrosciences' corn seed business in brazil​.Dow chemical co - divestiture will be conditioned on dow and dupont closing their merger transaction, including approval of divestiture transaction by cade.Dow chemical co - divestiture will be conditioned on dow and dupont closing their merger transaction.Dow chemical- ‍divestiture is intended to satisfy dow's commitments to brazil's cade related with regulatory clearance of proposed merger with dupont​.  Full Article

S. Africa's Competition Commission says Dow, Dupont deal approved with conditions
Wednesday, 5 Jul 2017 10:19am EDT 

July 5 (Reuters) - Competition Commission South Africa::Says Dow, Dupont merger approved with conditions - FB post.Dow to make available 81 maize hybrids,7 maize inbred lines to 3rd parties for licensing hybrids, inbreds in South Africa.Dow is required to register Powercore, Enlist biotechnology traits in S.Africa within 2 years of approval of deal.In relation to insecticides, Dow, Dupont required to divest Dupont's entire insecticide business.  Full Article

Dow and 1Qbit announce collaboration agreement on quantum computing
Wednesday, 21 Jun 2017 09:00am EDT 

June 21 (Reuters) - Dow Chemical Co :Dow and 1Qbit announce collaboration agreement on quantum computing.Dow Chemical Co - terms of agreement were not disclosed.Dow Chemical Co - collaboration agreement to develop quantum computing tools for chemicals and materials science technology spaces.  Full Article

ACCC says it will not oppose propose merger of Dow Chemical Company DuPont in Australia
Wednesday, 7 Jun 2017 08:16pm EDT 

June 8 (Reuters) - Australian Competition And Consumer Commission: :Will not oppose propose merger of Dow Chemical Company Dupont in Australia."Considers that these competition concerns will be addressed by global divestments &, subject to those occurring, will not oppose merger in Australia".  Full Article

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Chemical giants see growth in green, clean tech

Chemical companies Dow Chemical Co and DuPont are seeing increased benefits in building sustainable "green" products, as they look for newer avenues of growth and build a stronger connection with millenials.