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| What's going on at Dow Chemical? |
| 2007-04-09 |
| Report: Investors planning to make a $50B offer for Dow Chemical A published report says Middle Eastern investors and American partners are preparing for the world’s biggest leveraged buyout ever. The deal is a $50 billion offer for Dow Chemical. If it works out, analysts say Dow would likely be split into a number of smaller companies. Dow was founded in Michigan in 1897, and its headquarters remain there today. The company employs 43,000 people worldwide. Dow Jones Indexes mulls Islamic-based ETF Dow Jones Indexes is in talks with the (Malaysian) Securities Commission (SC) and Bursa Malaysia Bhd to set up an Islamic-based exchange-traded fund (ETF) in Malaysia for the Asia-Pacific region. Dow Jones Indexes Islamic group global director A Rushdi Siddiqui said the talks were in the preliminary stages but said the SC was very keen to establish the ETF. An ETF is a type of investment that attempts to reflect the performance of a stock market index. An ETF’s value comes directly from the assets that it represents. On the global front, Rushdi said Dow Jones was planning on introducing real estate investment trusts (REITS) and commodities to its Islamic Indexes. “So you are looking at REITS, you are looking at commodities… the issue is working with scholars to establish screens, different screens for different asset classes, but the development of the indexes is still in its the early days. |
| Posted by:Seafarious |
| #1 This is obviously due to the fact that there is some concern about the toxicity of the foam DOW is providing to NASCAR for crash protection in their Cao of Tomorrow; the first two races with that car brought allegations of noxious fumes and burning of the foam from heat transferred from the headers; and since DOW has never caused any tixoc releases that could hurt anybody, they are wanting to keep their record and finances intact.... /off sarc mode |
| Posted by: USN, Ret. 2007-04-09 14:25 |