$50 billion buyout targets Dow Chemical

[0]

Shares of Dow Chemical Co. jumped more than 11 percent after Britain's Sunday Express said that U.S. buyout firms and Middle Eastern investors are preparing a bid of at least $50 billion for the Midland-based chemical maker, Bloomberg News reported today.

The offer may be between $52 and $58 a share and be made by the end of this week, the Sunday Express said, citing unidentified "sources close to the deal."

Dow Chemical surged $5.03 to $49.50 before the official start of U.S. exchanges, Bloomberg reported. The stock fell 0.8 percent to $44.47 on April 5 in New York, valuing the company at $42.7 billion.

 

[iamwiz82]

More good news for Michigan :roll:

 

[batchusa]

Woo Hoo! I have some shares of it (bought at $43 last year)

 

[0]

Maybe Midlander is in the middle east..

 

[Midlander]

Originally posted by: 0
Maybe Midlander is in the middle east..

Nah. I was working.

I'm getting immune to these stories. Maybe there are some JV talks going on, but I doubt anyone can put together a hostile takeover/breakup and still make enough money to make it worth their while.

However, I took the opportunity to make some stock moves...