Seeking Alpha

Dow sells polypropylene business to W.R. Grace for $500M

  • Dow Chemical (DOW) agrees to sell its global polypropylene licensing and catalysts business to W. R. Grace (GRA) for $500M.
  • Dow says the move is part of an accelerated strategy of narrowing its focus in the electronics, water, packaging and agricultural sciences markets.
  • Dow expects to report a gain on the sale, and net proceeds will be directed toward remunerating shareholders, debt reduction and funding growth.
  • Dow -5.9%, GRA +1.1% premarket.
Comments (1)
  • chopchop0
    , contributor
    Comments (3846) | Send Message
     
    DOW looks unchanged to me in premarket trading
    11 Oct 2013, 08:36 AM Reply Like
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