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Stock Market & Financial Investment News

News For OLN From The Last 14 Days
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October 6, 2015
16:41 EDTOLNPoint72 Asset lowers stake in Olin Corp. to 3.3% from 6.3%
October 5, 2015
13:13 EDTOLNDow 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 EDTOLNOlin completes merger with Dow's chlorine products businesses
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08:44 EDTOLNDow reports preliminary results of exchange offer for Chlorine Value Chain unit
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October 2, 2015
10:10 EDTOLNOptions with increasing implied volatility
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05:23 EDTOLNStocks with implied volatility movement; OLN ZNGA
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September 25, 2015
12:38 EDTOLNOptions with increasing implied volatility
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September 22, 2015
17:24 EDTOLNAdage Capital raises stake in Olin Corp. to 6.94% from 5.56%
10:14 EDTOLNOptions with decreasing implied volatility
Options with decreasing implied volatility: CVC ADXS SRPT ATML YY SCTY OLN ADBE RHT ASNA

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