Dan Loeb Targets Dow Chemical In Latest Letter To Investors
Three months after initially revealing his stake in The Dow Chemical Company (NYSE:DOW), Dan Loeb has managed to get some important concessions from management including high dividends, approval for $4.5 billion in stock buybacks, the commitment to more divestitures, and a stated commitment to become more transparent, but that doesn’t mean he is going to back off his other demands.
“Despite the positive steps taken, we still believe Dow is under?earning its potential in its petrochemical businesses, a concern that management has yet to . . .
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