Monday, February 26, 2007

Dow Chemical (DOW) Higher on Reports of Private Equity Bid

Shares of Dow Chemical Co. (NYSE: DOW) are higher in pre-open action on rumors reported in the Sunday Express that the company could be the target of a leveraged buyout.
The paper said the company could receive a $54 billion bid from a consortium of private equity buyers that could include KKR, Blackstone and Carlyle Group. The bid could come in at $60 per share the paper reported.

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