Abstract
As Dow Chemical and DuPont draw closer to consummating their merger later this month, they are facing mounting pressure to amend their plan to break up the new firm, DowDuPont. In May, Third Point, an investment fund operated by activist investor Daniel S. Loeb, put out a report arguing that the Dow Corning silicones business should be allocated to the future specialty products company, which will have headquarters in Wilmington, Del. Currently, the business is slated for what is to be a materials science company based in Midland, Mich., which would be composed mostly of the current Dow Chemical. Another Dow shareholder, Glenview Capital Management, has also been public about its concerns. Now, according to an article in the Wall Street Journal on July 30, investment firm and Dow shareholder Jana Partners and DuPont investor Trian Fund Management have consulted with Dow and DuPont management about the breakup plan. In
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