The U.K. tabloid Sunday Express reported yesterday that Dow Chemical Co. is about to get a takeover bid from a consortium of private equity firms. The big question: is there any substance to the report? MarketWatch's report on the story points out that the Express is "a publication not well-known for its mergers-and-acquisition coverage," and it did not identifiy the source of the information. The report says the buyout group may include Kohlberg Kravis & Roberts, Blackstone Group and Carlyle Group, and that they plan to break up Midland, Mich.-based Dow into smaller companies. Dow's shares shot up $3.47, to $46.92, on the news. I'm not sure I'd mortgage the farm on this one.
Dow buyout coming?
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