On Friday, Dow Chemical Co (NYSE:DOW)’s shares declined -1.74% to $42.08.
Boulevard Acquisition Corp. an entity sponsored by an associate of Avenue Capital Group, recently declared the date for the special meeting of stockholders to approve Boulevard’s projected acquisition from The Dow Chemical Company (DOW) of AgroFresh, Dow’s post-harvest specialty chemical business.
AgroFresh is a global industry leader in providing innovative data-driven specialty chemical solutions aimed at enabling growers and packers of fresh produce to preserve and enhance the freshness, quality and value of fresh produce and to maximize the percentage of produce supplied to the market relative to the amount of produce grown. Its flagship product is the SmartFreshSM Quality System, a freshness protection technology proven to maintain firmness, texture and appearance of fruits during storage and transport. SmartFresh™ is presently commercialized in 45 countries worldwide.
The Dow Chemical Company manufactures and supplies products that are used primarily as raw materials in the manufacture of customer products and services worldwide. It operates through Agricultural Sciences, Consumer Solutions, Infrastructure Solutions, Performance Materials & Chemicals, and Performance Plastics segments. The Agricultural Sciences segment provides crop protection and seed/plant biotechnology products and technologies, urban pest administration solutions and healthy oils, insecticides, fungicides, herbicides, and seeds.
Denbury Resources Inc. (NYSE:DNR)’s shares dropped -5.07% to $3.56.
Denbury Resources Inc. (DNR) declared the hiring of Chris Kendall as Chief Operating Officer. Mr. Kendall’s appointment to Chief Operating Officer will take effect upon his joining the Company on September 8, 2015, a role he is assuming from Phil Rykhoek, President and CEO, who has been serving in that capacity on an interim basis.
Denbury Resources Inc. operates as an independent oil and natural gas company in the United States. The company primarily focuses on improved oil recovery utilizing carbon dioxide. It holds properties located in Mississippi, Texas, Louisiana, and Alabama in the Gulf Coast region; and in Montana, North Dakota, and Wyoming in the Rocky Mountain region. As of December 31, 2014, it had 437.7 million barrels of oil equivalent of estimated proved oil and natural gas reserves. The company was founded in 1951 and is headquartered in Plano, Texas.
At the end of Friday’s trade, Mondelez International Inc (NASDAQ:MDLZ)‘s shares dipped -1.55% to $42.57.
Mondelēz International, the world’s pre-eminent maker of chocolate, biscuits, gum and candy, recently opened a new $30 million state-of-the-art chocolate production line here to capitalize on growing demand in its European confectionery business. The investment is part of the company’s ongoing journey to create a global best-in-class integrated supply chain by transforming its manufacturing assets and processes to reduce costs and improve productivity.
At the opening event, Leisse was joined by the U.S. Consul General Walter Braunohler, who said, “Poland’s best business asset is its motivated, capable and intelligent workforce. This is the main reason that more and more U.S. companies are establishing operations here in Poland, and the reason that companies that are already present continue to expand and hire more Polish workers. We’re very happy to see these increasing business linkages, which benefit both our countries.”
Mondelez International, Inc., through its auxiliaries, manufactures and markets snack food and beverage products worldwide. The company offers biscuits, counting cookies, crackers, and salted snacks; chocolates, and gums and candies; powdered beverages and coffee; and cheese and grocery products. Its primary brand portfolio comprises LU, Nabisco and Oreo biscuits; Cadbury, Cadbury Dairy Milk, and Milka chocolates; Trident gum; Jacobs coffee; and Tang powdered beverages. Mondelez International, Inc. sells its products to supermarket chains, wholesalers, supercenters, club stores, mass merchandisers, distributors, convenience stores, gasoline stations, drug stores, value stores, and other retail food outlets through direct store delivery, company owned and satellite warehouses, distribution centers, and other facilities, in addition to through independent sales offices and agents.
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