Dow Chemical shares on Monday surged to close 4.9 per cent higher at $46.63 in New York before the company denied a Sunday Express report saying it was in talks about a possible $52bn buy-out. The report, citing sources close to the deal, said at least half the capital would come from Middle Eastern investors and half from US buyout firms including KKR. Reuters quotes a Dow spokesman saying a friendly takeover is “not going to happen”. In February, a Sunday Express report about a possible leveraged buyout of Dow was also denied.

This entry was posted by Gwen Robinson on Tuesday, April 10th, 2007 at 5:33 and is filed under Capital markets, M&A, Private equity. Tagged with dow chemical. Edit this entry.