Dow Chemical Up 2.6% on Spinoff News; Deal Could Generate $3B
December 02, 2013 at 12:49 PM EST
Dow Chemical (DOW) is not your grandfather’s chemical company. The 115-year old firm is shedding another unit, announcing early Monday that it is exploring the spinoff or sale of its commodity chemical business as part of the company’s ongoing efforts to shift toward higher-margin products and technologies. Investors applauded. On a day when Dow Jones [...]