After firings, is Dow now in play?
Posted Apr 16th 2007 11:18AM by Zac Bissonnette
Filed under: Deals, Rumors, Private equity industry
This is kind of funny. After firing two senior executives for engaging in secret negotiations with private equity firms, Dow Chemical (NYSE: DOW) may now be in play. Apparently all the media coverage of the scandal may have gotten some private equity firms to take a look at Dow and realize that it might be a good buyout candidate. Dow has downplayed the rumors saying that the company is not for sale. While its fair valuation and cash pile may make it an attractive acquisition candidate, its size (44 billion dollar market cap) and cyclical earnings may make it less interesting.
But here's my question: If the company does end up being taken private, will the fired executives be paid a finder's fee for being the spark that started the fire?
Tags: Dow Chemical, DowChemical
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