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Dow Chemical Co (DOW.N)

DOW.N on New York Stock Exchange

53.99USD
30 Aug 2016
Change (% chg)

$-0.14 (-0.26%)
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Latest Key Developments (Source: Significant Developments)

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

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

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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.