Tuesday, February 02, 2010

Dow attracts bids for styrene unit from buyout firms to a competing business, BASF to follow

Dow Chemical Co. aims to sell Styron Inc, its styrene business by the end of March after an eight-month process by getting private equity approaches. After holding second-round bids last month, Dow iss opening Styron’s books for further due diligence to whittle down the number of remaining suitors.

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