Dow Chemical (DOW) Higher on LBO Rumor

According to reports from the UK's Sunday Express, a consortium including Middle Eastern investors and American buyout firms is preparing a $50 billion offer for Dow Chemical (NYSE: DOW). The paper said the offer could range between $52-$58 per share.
A follow-up report from Bloomberg, noted that Dow spokesman Huntley said the company has no interest in an LBO and plans to remain public.