Dow Chemical (DOW -0.6%) declines to comment on market chatter it's interested in paying...

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

Dow Chemical (DOW -0.6%) declines to comment on market chatter it's interested in paying €70-80/share to acquire German synthetic-rubber maker Lanxess, which has a market cap of €5.3B after climbing 3.7% to €63.71 on the speculation. However, Berenberg Bank analyst Jaideep Pandya says the price being bandied about doesn't make sense, as Dow has a large capex program and the companies' businesses have little overlap.