Dow Chemical Co (DOW.N) Key Developments | Reuters.com
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Dow Chemical Co (DOW.N)

DOW.N on New York Stock Exchange

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1 Jul 2016
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Latest Key Developments (Source: Significant Developments)

Dow Chemical Co says to shut some facilities, reduce 2,500 positions
Tuesday, 28 Jun 2016 06:45am EDT 

Dow Chemical Co : Dow announces multiple actions to accelerate shareholder value creation from dow corning transaction; increases synergy capture to $500 million . Transaction will also be accretive to operating earnings per share, cash flow from operations and free cash flow in first full year . Dow will shut down silicones manufacturing facilities in Greensboro, North Carolina, and Yamakita, Japan . Actions will result in a reduction of approximately 2,500 positions globally, or approximately four percent of dow's workforce . Cost synergies will be achieved through a combination of workforce consolidations and savings from other actions . Actions will result in a reduction of approximately 2,500 positions globally, or approximately four percent of Dow's workforce . Says will take a charge of approximately $410 million to $460 million in Q2 of 2016 for asset impairments .Dow Chemical says actions position Dow to achieve its cost synergy target run rate of 70 percent within 12 months of closing Dow Corning transaction.  Full Article

Dow Chemical first company to get trading license in Saudi Arabia
Thursday, 16 Jun 2016 03:08pm EDT 

Dow Chemical Co : Dow is first company to receive trading license in Kingdom of Saudi Arabia .Trading license will allow co to deliver products in areas of sustainable development, energy-efficiency, oil and gas, alternative energy and water.  Full Article

Corning Inc says expect continuing moderate sequential LCD glass-price declines
Wednesday, 1 Jun 2016 07:35am EDT 

Corning Inc : Increasing cash we expect to distribute to shareholders to more than $12.5 billion .See continuing moderate sequential lcd glass-price declines, ongoing benefit from new hedges added to reduce exposure to weaker yen.  Full Article

Dow says completes strategic ownership restructuring of Dow Corning
Wednesday, 1 Jun 2016 07:35am EDT 

Dow Chemical Co : Dow completes strategic ownership restructuring of dow corning corporation . Dow completes strategic ownership restructuring of dow corning corporation . Anticipates securing more than $1 billion in additional annual ebitda at full run-rate synergies from restructured ownership .Dow targets a minimum of $400 million in annual cost and growth synergies from restructured ownership.  Full Article

Rockwell Automation says co, Dow Chemical to pay $375 mln to resolve claims of class of landowners - SEC filing
Thursday, 19 May 2016 01:51pm EDT 

Rockwell Automation Inc : Rockwell Automation Inc says parties agreed yesterday to settle Cook v. Rockwell International, related to U.S. DOE's rocky flats plant in Colorado . Says co and Dow Chemical will pay $375 million to resolve the claims of a class of landowners near rocky flats . Says expects that it will be indemnified for its obligations under the settlement . Co's portion of settlement is $243.75 million bulk of which is expected to be payable in June or July of 2017 - SEC filing .Does not believe that matter will have a material adverse effect on its financial condition.  Full Article

Dow says Bob Hansen, CEO of Dow Corning, to retire
Monday, 16 May 2016 10:00am EDT 

Dow Chemical Co : Bob Hansen, chairman, Chief Executive Officer and President of Dow Corning to retire . Howard Ungerleider, vice chairman and Chief Financial Officer of Dow named chairman of Dow Corning . Mauro Gregorio named Chief Executive Officer of Dow Corning .Until close of transaction, Hansen, Ungerleider and Gregorio will maintain their current roles and responsibilities.  Full Article

Dow says all relevant authorities have approved Dow Corning deal
Thursday, 12 May 2016 08:26am EDT 

Dow Chemical - : Sadara to generate $500 million of equity earnings each year over the next decade . All relevant authorities have approved Dow Corning deal . Stockholder proposal on proxy access received 72.2 percent of votes cast Further company coverage: [DOW.N] (Bengaluru Newsroom: +1-646-223-8780).  Full Article

Dow declares quarterly dividend of 46 cents/shr
Thursday, 12 May 2016 08:05am EDT 

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

Dow Chemical Co announces settlement in urethanes opt-out case litigation
Wednesday, 6 Apr 2016 04:15pm EDT 

Dow Chemical Co:Entered into a settlement agreement to resolve the Urethanes Opt-Out case litigation.In this settlement, Dow has agreed to pay the opt-out plaintiffs $400 million, which is estimated to result in net cash payments totaling approximately $250 million.  Full Article

Dow Chemical Co announces settlement in Urethanes class action litigation
Friday, 26 Feb 2016 06:45am EST 

Dow Chemical Co:Entered into a settlement agreement to resolve the In re Urethanes Class Action litigation.In this settlement agreement, Dow has agreed to pay the plaintiff class $835 million.Settlement will resolve the $1.06 billion judgment against Dow entered in 2013.Says entered into a settlement agreement to resolve the in re urethanes class action litigation.Says continues to believe that Dow "was not part of any conspiracy and the judgment was fundamentally flawed".Settlement conditioned on U.S. supreme court agreeing to hold dow's petition for a writ of certiorari in abeyance.  Full Article

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Dow Chemical to cut 2,500 jobs as part of Dow Corning deal

Dow Chemical Co said it would lay off about 2,500 employees globally, or about 4 percent of its workforce, as part of a deal to assume full control of Dow Corning, which was a joint venture with Gorilla glass maker Corning Inc .