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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/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

Third Point says issues new DowDuPont board must consider include capital structure, optimal cost of capital
Wednesday, 24 May 2017 12:23pm EDT 

May 24 (Reuters) - Third point LLC: :Issues DowDuPont board must consider post deal-close include capital structure, optimal cost of capital - presentation.Says issues DowDuPont board must consider post deal-close also include new cost reduction goals in light of planned portfolio review.Says DowDuPont board must consider, post deal-close, whether 3 spin-off companies are "appropriate".Says offering structural solutions that could create about $20 billion of additional value compared to status quo in Dow & DuPont merger.Says DowDuPont board must consider, post deal-close, if creation of additional companies or divestitures would "enhance shareholder value".Third point, on DowDuPont, says believes Specialty Products could be split into as many as 4 public cos to ensure each "Spin Co" has "compelling" invesment case.Says reconfiguration of dowdupont portfolio should yield cost reduction opportunities that are incremental to announced synergies of $3 billion.Third point, on DowDuPont, says new board will need to evaluate whether dividends, special dividends or buybacks provide the "most value" to shareholders.Says to optimize cost of capital, estimate DowDuPont board will need to return nearly $40 billion of excess capital to shareholders in 24 months post closing.Third point, on DowDuPont, says shareholders proposal recommends moving several businesses from material science to speciality products.  Full Article

Dow, DuPont get conditional approval in Brazil for proposed merger
Wednesday, 17 May 2017 11:06am EDT 

May 17 (Reuters) - Dow Chemical Co ::Dow and DuPont receive conditional regulatory approval in Brazil for proposed merger of equals.Merger remains on track to close between Aug. 1 and Sept. 1.  Full Article

Jana Partners LLC takes sole share stake in Dow Chemical, ups sole stake in Cognizant
Monday, 15 May 2017 05:36pm EDT 

May 15 (Reuters) - Jana Partners LLC :Jana Partners LLC takes sole share stake in Dow Chemical Co of 3.55 million shares- sec filing.Jana Partners LLC dissolves sole share stake in Yum Brands.Jana Partners LLC cuts sole share stake in Salesforce.Com Inc by 43.8 percent to 1.8 million shares.Jana Partners LLC raises sole share stake in Cognizant Technology Solutions by 82.4% to 2.63 million class a shares.Jana Partners LLC - change in holdings are as of March 31, 2017 and compared with the previous quarter ended as of Dec 31, 2016.  Full Article

Dow plans growth investments of more than $12 bln over 10-year period
Thursday, 11 May 2017 10:23am EDT 

May 11 (Reuters) - Dow Chemical Co ::Dow announces next phase of comprehensive investments to deliver long-term competitive advantage and earnings growth.Additional projects extend U.S. growth investments to more than $12 billion over 10-year period.Investments announced expected to come online in phased manner, beginning 2020,will require estimated capital expenditures of about $4 billion.Components of new plan include expansion of capacity of Dow's new TX-9 ethylene cracker through addition of two furnaces.Says Dow will invest an additional $400 million to support transformation of its Midland, Michigan manufacturing operations.Components of plan include construction of 600,000 metric ton polyethylene unit in U.S. Gulf Coast.Dow will pursue a series of investments to "strengthen its polyurethanes franchise".Will undertake debottleneck projects across global asset network that will deliver approximately 350,000 metric tons of additional polyethylene.Components of plan include construction of a world-scale 450,000 metric ton polyolefins facility in Europe.  Full Article

DuPont posts 15.5 pct fall in second-quarter profit

July 25 Chemicals and seeds company DuPont , which is merging with Dow Chemical, reported a 15.5 percent fall in quarterly profit on higher costs.