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January 31, 2013
09:16 EDTDOWDow Chemical expects to deliver $1.75B in cost and cash savings by 2014-end
News For DOW From The Last 14 Days
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October 7, 2015
16:01 EDTDOWOptions Update; October 7, 2015
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October 6, 2015
11:18 EDTDOWStocks with call strike movement; DOW AAPL
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October 5, 2015
16:00 EDTDOWOptions Update; October 5, 2015
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13:47 EDTDOWOptions with increasing volume
Options with increasing volume; DOW BBBY HOG INFY JBL SFUN YNDX AMAT CIT
13:13 EDTDOWDow closes transaction to separate significant portion of chlorine value chain
The Dow Chemical Company (DOW) announced the successful closing of the previously announced split-off transaction, resulting in the separation of a significant part of Dow's chlor-alkali and downstream derivatives businesses and merger of these businesses with Olin Corporation (OLN) to create a company with revenues approaching $7 billion. Included are Dow's U.S. Gulf Coast Chlor-Alkali and Vinyl, Global Chlorinated Organics, and Global Epoxy business units, in addition to 100 percent interest in the Dow Mitsui Chlor-Alkali joint venture. The closing of the merger followed the expiration of the related exchange offer and the satisfaction of certain other conditions. As a result of the exchange offer, Dow will reduce outstanding shares of its common stock by more than 34 million shares or nearly 3 percent of outstanding common shares. The transaction is highly accretive to Dow and Dow shareholders, with a tax-efficient consideration of greater than $4.6 billion on an after-tax basis and taxable equivalent value in excess of $7 billion. With this transaction, Dow exceeds its prior stated goal to divest $7 billion to $8.5 billion of non-strategic businesses and assets by mid-2016, with the total now approaching more than $12 billion in pre-tax proceeds. The transaction has a tax-efficient consideration value of $4.6 billion, or taxable equivalent value in excess of $7 billion including $2.1 billion of a combination of cash and debt retirement, nearly $1.0 billion of assumed debt and pension and other liabilities assumed by Olin, in addition to an estimated $1.5 billion in Olin common stock distributed to Dow stockholders in the exchange offer. The split-off structure of the transaction allows Dow to return $1.5 billion in value to shareholders and increase earnings per share by using Splitco common stock in the exchange offer instead of cash. With $2 billion in share repurchases to date in 2015 and the closing of this split-off transaction, Dow has effectively completed $6.5 billion of previously committed shareholder-focused actions. In November 2014, Dow announced a new $5 billion tranche to its existing $4.5 billion share repurchase program, bringing the total program to $9.5 billion. This transaction also includes a 20-year long-term capacity rights agreement for the supply of ethylene by Dow to Olin, in which Dow will receive up-front payments of up to $1.2 billion and, in return, Olin will receive ethylene at co-investor, integrated producer economics.
13:11 EDTDOWOlin completes merger with Dow's chlorine products businesses
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10:06 EDTDOWHigh option volume stocks
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09:44 EDTDOWActive equity options trading on open
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08:44 EDTDOWDow reports preliminary results of exchange offer for Chlorine Value Chain unit
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October 1, 2015
10:32 EDTDOWBernstein U.S. chemicals analysts hold an analyst/industry conference call
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08:01 EDTDOWDow AgroSciences, Synthace enter into research collaboration
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September 30, 2015
16:00 EDTDOWOptions Update; September 30, 2015
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09:59 EDTDOWActive equity options trading on open
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September 29, 2015
16:00 EDTDOWOptions Update; September 29, 2015
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September 28, 2015
12:39 EDTDOWHuntsman plunges after warning of continued headwinds
Shares of chemical maker Huntsman (HUN) are plunging after warning that headwinds would impact its third quarter earnings. WHAT'S NEW: After the close on Friday, Huntsman warned that certain trends are expected to impact Q3 earnings. Trends expected to impact its earnings include lower titanium dioxide selling prices amid continued foreign currency headwinds, the company said. The company also noted continued soft demand in the Asia Pacific region. Huntsman said it also sees lower MTBE, or methyl tertiary butyl ether, margins as a result of lower oil prices and forecast continued lower MDI urethane component product margins in the Asia Pacific region. Peter Huntsman, the company's chief executive officer, said the company is "optimistic about the future" despite seeing headwinds in the short term. "Lower raw material prices impacted demand and margins in Q3, thus the accounting benefits will be delayed into the fourth quarter," added Huntsman. The company is anticipating fourth quarter adjusted EBITDA similar to Q3 at about $300M, similar to last year's level. The company is committed to a separation of the Pigments and Additives business by the end of 2016 or sooner. WHAT'S NOTABLE: On August 17, Goldman Sachs removed Huntsman from its Conviction Buy List and said investors remain skeptical on value proposition and free cash flow generation that could strengthen the balance sheet is likely several quarters away. The firm continued to rate shares a Buy with a $26 price target. PRICE ACTION: In midday trading, shares of Huntsman are down 23.08% to $10.70. OTHERS TO WATCH: Other chemical companies are trading lower, including Chemours (CC), which is down 7.8%, Kronos Worldwide (KRO), down 1.62%, Dow Chemical (DOW), falling 3.94% and DuPont (DD), down 2.06%%.

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