NEW YORK— Dow Chemical on Tuesday reported a surge in its fourth-quarter profit on gains from the sale of its chlorine operations and lower costs from sinking oil prices. The profit boost comes as the Midland, Michigan- based company moves toward closing a merger with DuPont Co. in the second half of the year that would create a giant chemical company.» Read More
*Casino slumps after Muddy Waters note. LONDON/ MILAN, Dec 17- European shares surged on Thursday as investors took the U.S. The pan-European FTSEurofirst 300 index was up 1.6 percent by 1530 GMT after climbing to a one-week high, while Germany's DAX, France's CAC and Britain's FTSE 100 rose between 3 to 1 percent.
*Companies to merge, then split into three. Dec 11- Chemical titans DuPont and Dow Chemical Co agreed to combine in an all-stock merger valued at $130 billion in a move that pleased activist investors, would generate tax savings and trigger more consolidation while drawing scrutiny from regulators. The "deal of three centuries," as Wells Fargo analyst Frank Mitsch...
Dow Chemical CEO Andrew Liveris said Friday the groundwork for a deal with DuPont had already been laid out.
Dec 9- A potential marriage of chemicals titans Dow Chemical and DuPont would draw intense scrutiny from regulators in the United States and other countries, but Wall Street welcomed the reported merger talks, lifting shares of both companies by 12 percent. "I look at it like Pepsi and Coca-Cola merging, then splitting into syrup, bottling, and snacks& sundry...
Dow Chemical and DuPont are expected to announce a merger of equals by Thursday, sources told CNBC.
The combined business, DuPont Protection Solutions, will be led by Rose Lee, who currently heads the company's protection technologies unit. The business will be led by Patrick Lindner, who is now head of performance polymers. The consolidation comes less than a month after Edward Breen took over as the company's interim chief executive, following Ellen...
Sept 25- Kraton Performance Polymers Inc, which makes rubbers used in adhesives, coatings and personal care products, has offered to acquire pine chemicals producer Arizona Chemical Company LLC, in a deal that could exceed $1.2 billion, including debt, according to people familiar with the matter. Buyout firms Bain Capital LLC and Apollo Global Management LLC...
Sept 22- Ashland Inc said it will spin off its engine lubricants unit into a publicly traded company, Valvoline, as it sheds assets that are not part of its core specialty chemicals business. The company's last divestiture was more than a year ago when it sold its water technologies unit for about $1.8 billion, bowing to pressure from activist investor Jana...
Sept 22- Specialty chemicals maker Ashland Inc said it will spin off its engine lubricants unit into a publicly traded company, Valvoline, to focus on its higher margin businesses. Ashland's businesses generated about $3.6 billion in sales for the year ended June 30, while Valvoline's sales amounted to $2 billion, the company said in a statement.
FRANKFURT, Sept 10- German speciality chemicals company Lanxess is in talks to put its main synthetic rubber business into a joint venture with petrochemicals group Ineos, four people familiar with the matter told Reuters. Lanxess has also held talks with Saudi Arabian Oil Company and Russia's NKNK and Sibur, but negotiations over the sale of a stake or pooling...
Dow reported a better-than-expected quarterly profit, helped by higher margins in five of its six units.
The U.S. refinery strike widened, with workers at the nation's largest refinery walking off the job, the United Steelworkers union said.
Activist investor Nelson Peltz stepped up his fight to break up the company, as his Trian Fund nominated himself and three other members to the board.
DuPont reported a 52 percent jump in profit as operating margins rose in five of its seven businesses.
Patrick Jany, CFO of Swiss specialty chemicals firm, Clariant, tells CNBC that the company had a good fourth quarter and are progressing on the operational side and their portfolio.
Chuck Bunch, CEO of PPG Industries, speaks about his company's future prospects.
CEO Charles Bunch told Cramer he expects a "solid economic picture" going forward.
Find out why Cramer says it is.
Peter McCausland, CEO of Airgas, spoke with Cramer about the company's strong fourth-quarter results.
The "Fast Money" traders highlight U.S. companies benefiting from pricing power that comes with a weak U.S. dollar.