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

blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months Click to see monthly returns in table format!

Lists

The 10 States with the Highest Nursing Shortages Leaving Their Hospitals Depleted

The 10 Best Value Investment Blogs that Every Investor Must Read

The 6 Cheapest Boarding Schools in Europe 2015

The 5 Most Expensive Cars To Insure in the World

The 10 Most Common Genetically Modified Foods

10 Self-Made Billionaires Who Came From Nothing

The 10 Most Expensive Cities to Live in North America

The 13 Most Expensive Headphones in the World to Represent

The Top 20 Wealthiest Soccer Teams in 2014

4 BuzzWorthy Cannabis Stocks And Some Smoking Derivative Plays

The 10 Healthiest Fast Food Chains in America to Dine At

The 5 Most Expensive Cat Food Brands You Can Spoil Your Kitty With

The 6 Best eCommerce Platforms for Small Businesses

The 10 Worst Mistakes an Entrepreneur Can Make

The 5 Most OP Characters in League of Legends to Carry Games and Crush Foes With

The 5 Best Foods to Eat Before Running that Will Help You Pound the Pavement

10 Glaring Plot Holes in The Walking Dead that a Zombie-Filled Bus Could Drive Through

The 5 Biggest Celebrity Stoners Who Love Their Reefer

The 10 Most Overrated Movies Of All Time by Out-of-Touch Critics

Top 6 Least Expensive Cruise Destinations For 2015 that Will Take You to Paradise

10 States with Lowest Substance Abuse Rates in America

The 14 Most Watched TV Finales Ever

The 10 Best Selling Role Playing Games of All Time for PC

10 Most Influential Papers In Economics

Top 8 Biggest Charities in the US

10 Worst Celebrity Career Moves Ever

Top 10 Best Paid Tennis Stars in the World

10 Cities with High Demand for Nurses

6 of the Worst Greeting Card Messages Ever Crafted

How to Make Money in ArcheAge and Build Your Empire

10 Foods To Eat To Lower Cholesterol Levels

The 10 Most Hated Television Characters of All Time

The 30 Worst Halloween Costume Ideas Ever Brought to Horrible Life

10 Vocational Skills in Demand Today with Jobs Waiting to be Filled

10 Best Places to Visit in Central and South America

The 10 Greatest Empires in History Which Nearly Conquered the World

The 6 Cheapest Boarding Schools In America 2015

5 Clear Reasons LoL is Better than DotA, Continues to Rule MOBAs

The Only 9 Teams with a Chance to Win the Super Bowl

The 15 Most Common Phobias in America that Induce Fits of Panic

Top 6 Least Expensive Tourist Destinations in 2014

Jim Goetz, Peter Fenton, Jim Breyer: Top 6 Venture Investors for 2014

Top 15 Billionaires in 2014

5 Pitfalls To Avoid When Buying a Franchise

Top 20 Medical Schools in the US – 2014 Rankings

4 Business Strategies that Turned Jamie Oliver into the World’s Richest Chef

6 Qualities That Make You A Good Team Player

10 High Paying Seasonal Jobs in America this Holiday Season

The 10 Busiest Shipping Lanes in the World

5 Most Valuable Brands in China

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 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!