On Tuesday, Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM), gained 1.38% to $23.58, as Technology stocks were higher Tuesday with shares of technology companies in the S&P 500 rising about 0.6% in afternoon trade.
Taiwan Semiconductor Manufacturing Company Limited engages in the computer-aided design, manufacture, packaging, testing, sale, and marketing of integrated circuits and other semiconductor devices.
Shares of The Dow Chemical Company (NYSE:DOW), inclined 1.41% to $52.59, during its last trading session.
The Dow Chemical Company, and Olin Corporation (OLN) declared the achievement of a regulatory milestone in the projected transaction involving a noteworthy portion of Dow’s chlorine value chain and Olin Corporation, with the expiration of the required waiting period under the Hart-Scott-Rodino (HSR) Antitrust Improvements Act of 1976.
As formerly declared on March 27, 2015, Dow and Olin reached a definitive agreement under which Dow will separate its U.S. Gulf Coast Chlor-Alkali and Vinyl, Global Chlorinated Organics and Global Epoxy businesses, and then merge these businesses with Olin in a Reverse Morris Trust transaction. The merger will result in Dow shareholders receiving at least a majority of the shares of Olin, with existing Olin shareholders owning the remaining shares.
“We are one step closer to combining the world-class assets and people of Dow and Olin taking our business to an entirely new level in terms of scale, integration, cost-advantaged feedstocks, and a broad and diverse end-uses portfolio, ultimately creating value for our customers,” said Joseph D. Rupp, Olin’s chairman and chief executive officer.
The transaction is predictable to close by the end of the year and is subject to approval by Olin shareholders and completion of customary closing conditions.
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.
Finally, Staples, Inc. (NASDAQ:SPLS), ended its last trade with -0.12% loss, and closed at $16.14.
Staples, declared that the U.S. Environmental Protection Agency (EPA) has recognized the company for outstanding achievement in the design, manufacture, promotion, and use of Safer Choice products. Staples won the award for meeting EPA’s Safer Choice Standard, which comprises stringent human and environmental health criteria. The award reaffirms Staples’ commitment to sustainable business practices.
The Safer Choice Program, formerly known as the Design for the Environment (DfE) Safer Product Labeling Program, was developed in 1997 and draws upon chemical and environmental expertise from across EPA. Safer Choice uses the technical tools and expertise of EPA’s New Chemicals Program to evaluate the environmental and human health impacts of every chemical ingredient in a product, allowing only the safest ingredients in labeled products. The Safer Choice labeled products will assist customers identify and select products with safer chemical ingredients, without sacrificing quality or performance.
“Staples is committed to offering products that are safer to human and environmental health,” said Roger McFadden, vice president and senior scientist at Staples. “EPA’s Safer Choice award illustrates our commitment to customers to provide products designed with safer chemicals.”
Staples, Inc., together with its auxiliaries, operates office products superstores. It operates through three segments: North American Stores & Online, North American Commercial, and International Operations. The company offers a range of office supplies, business technology products and services, facility and breakroom supplies, computers and mobility products, and office furniture under the Staples, Quill, and other proprietary brands.
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