Dow ahead 6% as Loeb calls for change

|About: Dow Chemical Co. (DOW)|By:, SA News Editor

"Nearly 15 years ago, an investor could have purchased  Dow shares for the same price that they trade at today," writes Dan Loeb's Third Point, disclosing Dow Chemical (DOW) as its largest current investment.

"These results reflect a poor  operational track record across multiple business segments, a history of under-delivering  relative to management’s guidance and expectations, and the ill-timed acquisition of Rohm &  Haas."

Questioning the company's petrochemicals strategy, Loeb calls for a review to consider a spinoff of the business.

Full letter

Shares +5.9% premarket

Previous coverage