Dan Loeb’s Third Point LLC Asks The Dow Chemical Company (DOW) To Release Value

In an interview with CNBC, Andrew Liveris, the chairman & CEO of The Dow Chemical Company (NYSE:DOW), speaks about shareholder activism and also about Dan Loeb, and his hedge fund’s, Third Point, stake in the company.

 The Dow Chemical Company (NYSE:DOW)

Dan Loeb’s Third Point, which holds around 5.1% of The Dow Chemical Company (NYSE:DOW), has been putting some pressure on the company to change its ‘integrated strategy’ i.e. Loeb has been suggesting the company to sell chemicals as ethylene, propylene, etc. more in the open market and less in the making of consumer products.

Speaking about Third Point, Liveris said that The Dow Chemical Company (NYSE:DOW) had been in talks with Third Point and the company has been mentioned in various letters by the hedge fund but it has never received any letters directly from them.

He added that Third Point had been focusing mainly on different ways of releasing value to investors.

“Of course they [Third Point] made a suggestion around split up. Look, Warren Buffet, I think, said it very well in one of the previous programs, I reported. He told me: run the company for those investors who are staying, not for those investors who are leaving,” said Liveris.

Liveris added that the company is divesting and that the company is divesting its chlorine business which has been there for nearly 117 years with The Dow Chemical Company (NYSE:DOW) and that the company is also thinking on the same lines as investors are in terms of releasing more value.

The company had also lined up other assets for sale which included its epoxy business, as well as some of its brine and energy assets. In addition, on October 2013 the company had said that it expected to raise around $3 billion to $4 billion from the sale of some of its assets over a period of 18 to 24 months.

Disclosure: none

Biotech Insider Alert - $6 Stock To Hit $40

$200 Million Dollar Healthcare Hedge Fund's #1 Best Idea Right Now

The best healthcare hedge fund out there right now is one of the largest shareholders in this biotech stock. The fund returned more than 20% in each of the last 2 years with a virtually fully hedged portfolio, and it's sending out a BUY signal on this biotech stock. Get your FREE REPORT today (retail value of $300)

This is a FREE report from Insider Monkey. Credit Card is NOT required.
Comments
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months. Our beta is only 1.2 (don't click this link if beating the market isn't important to you).

Lists

The Best Romance Movies of all Time

The Most Wanted Drug Lords

The Oldest Money Managers

The Greatest Directors in the World

Largest Animals in the World

World’s Most Expensive Desserts

Best Selling Comic Books of All Time

A-list Actors who Sabotaged Their Career

Rappers With a College Degree

The Best Jazz Albums of all Time

The Most Influential Jazz Musicians

The World’s Most Famous Photographers

The Best Oscar-Winning Songs

Most Influential Choreographers Ever

Most Expensive Department Stores in the World

The Most Expensive Stolen Paintings in the World

The World’s Most Expensive Teas

Top Oscar Record Holders

The Most Expensive Flowers in the World

Countries With a Booming Film Industry

Most Expensive Cupcakes in the World

Uncommon European Escapes

The Most Stolen Artists in History

Best Travel Destinations in Australia

World’s Most Expensive Musical Instruments

World’s Most Famous Animals

Most Expensive Cakes in the World

Most Expensive Kosher Champagne in the World

Most Expensive Kosher Wine in the World

The Most Surprisingly Dark Fairy Tales

Most Popular Travel Destinations in Asia

The 10 Most Expensive Dresses Ever Worn to the Oscars

World’s Most Visited Art Museums

Best Countries for Photographers to Work in

Best Paid Jobs in the Film Industry

The Most Renowned Recovered Paintings Ever

Child Stars That Turned out Just Fine

Books That Were Banned in the Past Century

World’s Richest Dancers

Best Remedies against Bad Breath

Foods That Improve Your Skin Texture

Best-Selling Children’s Books of all Time

Foods That Boost Your Libido

Best-Selling Books of all Time

The Most Expensive Academy Awards Jewelry in History

Most Expensive Japanese Restaurant In New York City

The Best B-Boy Movies

Most Awesome Hip Hop Documentaries

Foods That Stain Your Teeth

Richest Doctors in the World

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 129% in 2.5 years!! Wondering How?

Download a complete edition of our newsletter for free!