GRA
W.R. Grace & Co.NYSE
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  • Oct. 11, 2013, 8:15 AM
    • 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.
    | Oct. 11, 2013, 8:15 AM | 1 Comment