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Dow Chemical, Dan Loeb settle board debate
REUTERS (Approx. 4 pages)
Dow Chemical, Dan Loeb settle board debate
REUTERS (Approx. 4 pages)
11/21/14 REUTERS 19:47:46
REUTERS
Copyright © 2014 Thomson Reuters
November 21, 2014
Dow Chemical, Dan Loeb settle board debate
Sayantani Ghosh
Kanika Sikka
(Reuters) - Dow Chemical Co averted a proxy fight with Dan Loeb's hedge fund, Third Point LLC, by agreeing to add four independent directors to its board, sending its shares up as much as 4.5 percent.
Third Point, one of Dow's biggest investors with a...
---- Index References ----
Company: DOW CHEMICAL CO (THE); AMERICAN INTERNATIONAL GROUP INC; EI DU PONT DE NEMOURS AND CO; US BANCORP; THIRD POINT LLC; INTERNATIONAL BUSINESS MACHINES CORP; FOSTER WHEELER LTD
News Subject: (Business Management (1BU42); Mergers & Acquisitions (1ME39); Corporate Events (1CR05); Fund Instruments (1FU72); Hedge Funds (1HE97); Corporate Groups & Ownership (1XO09); Major Corporations (1MA93); Funding Instruments (1FU41))
Industry: (Diversified Chemicals Firms (1DI97); Chemicals (1CH04); Manufacturing (1MA74); Securities Investment (1SE57); Mutual Funds (1MU87); Investment Management (1IN34); Financial Services (1FI37))
Language: EN
Other Indexing: (Richard Davis; Dan Loeb; Steve Miller; Mark Loughridge; Ray Milchovich; James Sheehan; Andrew Liveris)
Keywords: securities; corpgov (MCC:OEC); (N2:US); (N2:AMERS); (N2:USA); (MCCL:OEC)
Word Count: 367
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