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There was plenty for Dow Chemical Co. CEO Andrew Liveris to talk about in the company's earnings call Tuesday, including a $1.55 billion fourth-quarter loss, why Kuwait's abandonment of the K-Dow joint venture in December was such a surprise and why Dow shouldn't close on its acquisition of Rohm and...
Posted on February 4, 2009 9:42 AM
Nearly everyone following the ever-thickening plot of the Dow Chemical Co.-Kuwait-Rohm and Haas Co. saga has noted Wednesday's twist, which is that Kuwait's parliament is going to form a committee to investigate the busted K-Dow joint venture and other matters. What nobody seems to have any idea of is what...
Posted on January 29, 2009 11:23 AM
Let's take a little time Tuesday morning to acknowledge the hard work and strategic vision of a couple of industrial CEOs in the news: Jim Owens of Caterpillar Inc. and Andrew Liveris of Dow Chemical Co.No, seriously. It's true that both are in hot water at the moment, Liveris more...
Posted on January 27, 2009 10:45 AM
Dow Chemical Co.'s moment of truth could be close at hand.Dow, according to Bloomberg, is on the verge of winning Federal Trade Commission approval for its $18 billion purchase of Rohm and Haas Co. Approval, which was expected, would force the chemicals giant to close its deal within two days...
Posted on January 23, 2009 11:06 AM
We've seen plenty of drama in the M&A world in the last year or so. But for a really ripping yarn about high-stakes execution of corporate strategy amid a global economic storm, it's getting hard to top the Dow Chemical Co. story. Tuesday began with a statement from Dow on...
Posted on January 7, 2009 1:42 PM
It's one thing for a company to be hit by an economic storm when it has a bolt-on acquisition or a modest-size divestiture in the works. It's quite another when the company is carrying out a pair of huge transactions that together represent a major strategic change.The latter is the...
Posted on December 1, 2008 1:28 PM
Strategic acquirers were expected to be more active than financial ones during the credit crunch. But this much more active? For the first seven months of 2008, Dealogic reports, global dollar volume for strategic deals was off only 15%, compared with a 74% drop for financial deals. And the number...
Posted on August 13, 2008 9:23 AM
Warren Buffett has long been known for his love of investing in family-owned or family-controlled businesses. Recently he's been emphasizing a related specialty: helping to shape the sale of sizable companies with a significant family presence to bigger buyers. Consider:Anheuser-Busch Cos.' $52 billion sale to InBev SA. Though he stayed...
Posted on July 15, 2008 4:30 PM
At one end of the integration spectrum is the consolidation approach. Recent example: the proposed acquisition of Allied Waste Industries Inc. of Phoenix by Republic Services Inc. of Ft. Lauderdale, Fla., which will produce a bigger waste management company based in Phoenix and operating under the Allied name. At the...
Posted on July 11, 2008 4:58 PM
Executing a deal such as Dow Chemical Co.'s $18.8 billion cash purchase of Rohm and Haas Co., announced Thursday morning, involves a big cast of characters. At the top of the list, of course, are the two CEOs: Dow's Andrew Liveris and Rohm and Haas' Raj L. Gupta. But two...
Posted on July 10, 2008 10:35 AM
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