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>> LOEB Latest News

FEB 12, 2014 - TheStreet

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Dow Chemical Rejects Loeb Breakup Plan

NEW YORK (The Deal) -- Dow Chemical has rebuffed a suggestion by activist Dan Loeb to split the company in two, saying that an internal review has concluded that such an action would reduce the company's overall value. Loeb's Third Point LLC on Jan. 21 disclosed a large stake in Midland, Mich.-based Dow, and called on the company to consider selling its petrochemical operations. The investor in his quarterly letter said Dow is Third Point's largest investment, but said that the company's shares have "woefully underperformed over the last decade." Third Point did not disclose the size ... Read More

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