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Dow Chemical rejects Loeb's call for major break-up

  • Dow Chemical (DOW) has rebuffed Dan Loeb's call to split its petrochemical operations from its specialty-chemical businesses, saying that after assessing the possibility, such a move wouldn't improve productivity or capital allocation. Instead, it would hurt Dow's value proposition, "which leverages scale, integration costs and technology benefits."
  • Dow will continue to focus on spinning off its commodity-chemical activities.
  • Loeb made his call after disclosing three weeks ago that he had bought a $1.3B holding in Dow.
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Comments (2)
  • Chris DeMuth Jr.
    , contributor
    Comments (4363) | Send Message
     
    I actually think that DOW is going to take into account many of Loeb's ideas. Meanwhile, if you're interested in shareholder activism, here is my current list of opportunities in one portfolio: http://bit.ly/MJggCW
    12 Feb, 07:09 AM Reply Like
  • jpmj4847
    , contributor
    Comments (516) | Send Message
     
    Hello Chris, I for one like the spin off of their low profit chemicals. Dan's ideas are late to the table, but; on the other hand the 1.3B can open my ears also. Go DOW, I'm long and remaining.

     

    Like your list....one portfolio....on my radar.
    12 Feb, 06:54 PM Reply Like
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