MIDLAND, Mich.--(BUSINESS WIRE)--The Dow Chemical Company (NYSE: DOW) today announced several updates regarding divestiture and portfolio management actions – demonstrating the Company’s commitment to previously established targets and its ongoing focus on shareholder value creation.
Progress against Divestiture Targets
In line with the Company’s plans to divest $4.5 billion to $6 billion of non-strategic businesses and assets by 2015, Dow is now confirming that its Angus Chemical Company, Sodium Borohydride and AgroFresh businesses are being actively marketed for divestment. The Company expects to complete signing of these transactions by year-end 2014, and close in early 2015. Collectively, these businesses are expected to yield proceeds greater than $2 billion.
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Progress against Divestiture Targets
In line with the Company’s plans to divest $4.5 billion to $6 billion of non-strategic businesses and assets by 2015, Dow is now confirming that its Angus Chemical Company, Sodium Borohydride and AgroFresh businesses are being actively marketed for divestment. The Company expects to complete signing of these transactions by year-end 2014, and close in early 2015. Collectively, these businesses are expected to yield proceeds greater than $2 billion.
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