Tags: US | Earns | Dow | Chemical | Unit | Sale

Dow Chemical to Sell Styron Unit for $1.63 Billion

Tuesday, 02 Mar 2010 09:35 AM

 

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink

Dow Chemical is selling its Styron Division to private equity firm Bain Capital for $1.63 billion.

As part of the deal, Dow said Tuesday it has an option to receive up to 15 percent of the equity of Styron as part of the sale consideration.

The companies are expecting the deal to close by August, pending regulatory approvals and closing conditions.

Dow, based in Midland, Mich., first announced its plan to form Styron and explore sale options in July 2009. The Styon unit makes plastics, rubber and latex.

© Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

Amber Vinson's Mother: Nurse Followed Ebola Protocols

Monday, 20 Oct 2014 23:02 PM

The mother of nurse Amber Vinson, the second person to contract the Ebola virus after treating patient Thomas Eric Dunca . . .

O'Reilly: Uneasy Voters Pick Dems Based Only on 'Emotion'

Monday, 20 Oct 2014 22:03 PM

Fox News Channel's Bill O'Reilly says he knows why a majority of Americans say the country is "out of control" but conti . . .

Gov. Jindal: Some Louisianans Must Disclose Ebola Travel Plans

Monday, 20 Oct 2014 21:34 PM

With the White House unwilling to initiate a travel ban to Ebola-stricken countries, Gov. Bobby Jindal says he's forced  . . .

Most Commented

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved