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Stock Market & Financial Investment News

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February 26, 2014
04:55 EDTAXLL, AXLL, AXLL, VAL, VAL, VAL, PPG, PPG, PPG, MEOH, MEOH, MEOH, LYB, LYB, LYB, HUN, HUN, HUN, EMN, EMN, EMN, DOW, DOW, DOW, CHMT, CHMT, CHMT, CE, CE, CE, WLK, WLK, WLKAlembic Global Advisors to hold a conference
4th Annual Global Chemicals Conference is being held in Deer Valley, Utah on February 26-28.
News For AXLL;CE;CHMT;DOW;EMN;HUN;LYB;MEOH;PPG;VAL;WLK From The Last 14 Days
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November 13, 2014
12:26 EDTMEOHKoch Industries reports new Colfax stake in quarterly filing
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10:01 EDTDOWDow Chemical says Gulf Coast projects on track, on plan for start-up
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08:29 EDTCHMTChemtura announces restructuring, cost reduction plan
Chemtura announced a restructuring plan to reduce manufacturing conversion costs by approximately $50M, or about 10% annually, eliminate approximately $15M of annual stranded costs arising from the previously announced sale of the Chemtura AgroSolutions business, and reduce selling, general and administrative costs by at least $12M annually. Despite the success of many of Chemtura's improvement initiatives, the Company faces continuing weak demand conditions in some of the market applications it serves, as well as excess capacity in bromine and certain organometallics. While the company expects the bromine industry and electronics market to recover and grow to new heights, that growth may not occur in the coming year. The company expects to incur approximately $37M in cash costs to implement the restructuring plan, recording the majority of this expense in 4Q14 and 1Q15. The cash expenditures associated with these actions will continue into 3Q15. The company anticipates that the full run rate of the manufacturing and SG&A savings will be embedded in its performance by the third quarter of 2015, with annual savings of approximately $50M for the calendar year of 2015. Of the $15M of annual stranded costs, the company anticipates having eliminated them by 2Q15 with approximately $3M being incurred in the 1Q15.
November 12, 2014
14:23 EDTDOWDow Chemical increases divestiture target to $7.0B-$8.5B by mid 2016
The Dow Chemical Company announced an increased divestiture target aligned to further enhance the value of its portfolio and support the company’s market-driven, integrated strategy. On track to complete its goal of realizing $4.5B-$6B in proceeds by year-end 2015, and with additional portfolio management actions underway, Dow is now increasing its divestiture target to $7.0B-$8.5B to be complete by mid-2016.
14:14 EDTDOWDow Chemical sees $1B added savings over next three years from cost measures
Dow Chemical said that as part of its ongoing and consistent drive to lower costs while increasing output that the company will continue to narrow its focus and streamline investments to deliver $1B in additional savings over the next three years.
14:13 EDTDOWDow Chemical to reduce equity base in Kuwaiti joint ventures
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14:13 EDTDOWDow Chemical raises divestiture target to $7B-$8.5B by mid-2016
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14:10 EDTDOWDow Chemical realigns external reporting segments
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14:08 EDTDOWDow Chemical to sell ANGUS Chemical to Golden Gate Capital for $1.215B
Dow Chemical announced that it has signed a definitive agreement under which ANGUS Chemical Company will be sold to Golden Gate Capital for $1.215B. The transaction is expected to close during the first quarter of 2015, subject to completion of customary regulatory filings. Dow had previously announced its intent to divest this business on Oct. 2. The divestiture aligns to Dow’s efforts to achieve its identified target of $4.5B-$6B in proceeds from shedding non-strategic assets and businesses by year-end 2015. To date, Dow has achieved $2.5B in proceeds designed to remunerate shareholders, reduce debt, and fund growth. The divestiture of ANGUS includes the business headquarters and R&D facility in Buffalo Grove, IL; manufacturing facilities located in Sterlington, LA, and Ibbenbueren, Germany; a packaging facility in Niagara Falls, NY; as well as the associated business, inventory, customer contracts, process technology, business know-how and certain intellectual property. Approximately 290 employee positions globally are expected to transition employment status as ANGUS moves to being owned by Golden Gate Capital as part of the transaction. Under terms of the purchase agreement, ANGUS will continue to honor customer, licensing and supplier contracts and related agreements.
14:06 EDTDOWDow Chemical announces sale of ANGUS Chemical for $1.215B
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07:46 EDTAXLLCowen to hold a conference
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07:34 EDTDOWDow Chemical raises dividend 14%, adds $5B to share buyback program
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07:31 EDTDOWDow Chemical raises dividend 14% to 42c per share
07:31 EDTDOWDow Chemical announces new $5B tranche to share repurchase program
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06:07 EDTLYBLyondellBasell authorizes 70c interim dividend
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November 10, 2014
18:01 EDTMEOHMethanex warns of mini tender offer by TRC Capital, recommends holders reject
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15:51 EDTWLK, CE, LYBMorgan Stanley to hold a conference
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15:21 EDTAXLLCowen to hold a conference
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15:16 EDTCEEdison Electric Institute to hold a conference
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07:37 EDTDOWGolden Gate the lead bidder for Dow Chemical unit, Reuters reports
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