Dow Chemical applies for reporting issuer cease order in Ontario Dow Chemical announced that it has applied to the Ontario Securities Commission for an order that Dow is not a reporting issuer for purposes of Ontario securities law. Dow is currently a reporting issuer in Ontario only and is not a reporting issuer in any other jurisdiction of Canada. Dow has applied for an order to cease being a reporting issuer in Canada because its securities do not trade on any marketplace in Canada and it wishes to eliminate the cost of complying with Canadian regulatory requirements that are comparable to the regulatory requirements that are also applicable to it in the United States.
Dow Chemical receives EPA registratoin for commercialization of Enlist Dow Chemical announced it has received registration from the Environmental Protection Agency for its Enlist Duo herbicide for use with Enlist corn and soybeans. The Company expects sales of the Enlist Weed Control System to deliver significant value over the near and long term, and intends to release its market intentions in the coming weeks.
U.S. Chemicals sector initiated with an Overweight at RBC Capital RBC Capital started the U.S. Chemicals sector with an Overweight rating citing the growth of shale gas. The firm lists ethylene stocks LyondellBasell (LYB), Westlake Chemical (WLK) and Dow Chemical (DOW) its top picks in the space. RBC views coatings stocks as good ways to play the pending recovery in construction, and has Outperform ratings on Sherwin-Williams (SHW) and PPG Industries (PPG). RBC put its only Underperform rating in the sector on Axiall (AXLL), citing the company's short ethylene position and leverage to single-family housing.