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

Dow Chemical to Sell Styron Unit for $1.63 Billion

Tuesday, 02 Mar 2010 09:35 AM

 

  Comment  |
   Contact  |
  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 This material may not be published, broadcast, rewritten or redistributed.

  Comment  |
   Contact  |
  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.
 
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

Report: NYC Comptroller Seeks Settlement in Garner Lawsuit

Wednesday, 17 Dec 2014 15:20 PM

New York City Comptroller Scott M. Stringer is attempting to avoid a lengthy and potentially bitter federal trial by see . . .

Cuomo to Ban Fracking in New York Bans After Health Report

Wednesday, 17 Dec 2014 14:24 PM

New York Gov. Andrew Cuomo's administration said on Wednesday it will ban hydraulic fracturing in the state after a long . . .

Oil-Producing States Feel Pinch of Falling Prices

Wednesday, 17 Dec 2014 13:38 PM

The skydiving price of gasoline is good news for drivers across the country, but it's causing headaches for budget direc . . .

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