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Dow Divest Chlorine Business For $5 Billion
2015-03-30 22:10:25| Chemicals - Topix.net
In a move that market watchers are calling "highly complementary to the strategic objectives of both companies" The Dow Chemical Company has split its chlor-alkali and derivatives business from other petrochemicals, and merged chlorine operations with Olin Corporation in a deal worth $5 billion. Through a tax-efficient Reverse Morris transaction, the two have created a company that could be the industry leader in chlor-alkali operations, tentatively valued at $7 billion.
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Category:Chemicals