Officials fired at Dow Chemical for secret talks: two accused of seeking outside buyout deal; a tip from J.P. Morgan
Article Abstract:
Executive vice president Romeo Kreinberg and senior advisor J. Pedro Reinhard were fired from their positions at Dow Chemical Co. after it was discovered that the two, without the authorization of the company's board of directors, had been in talks with Oman investors regarding a leveraged buyout. The discovery came from information provided by a source at J.P. Morgan Chase and Co.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2007
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Basell may not stop with Lyondell deal: billionaire Blavatnik to seek more assets for chemical empire
Article Abstract:
Billionaire Len Blavatnik, through Dutch chemical firm Basell International Holdings B.V., has agreed to purchase US-based Lyondell Chemical Co. for $12.7 bil. The deal, at $48 per share, constitutes a 20% premium. Blavatnik has also announced interest in purchasing other companies to extend further globally in the chemicals sector.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2007
User Contributions:
Comment about this article or add new information about this topic:
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