During Tuesday’s Current trade, Shares of Dow Chemical Co (NYSE:DOW), gain 2.40% to $47.43.
Dow Chemical, declared the successful closing of the formerly declared split-off transaction, resulting in the separation of a noteworthy part of Dow’s chlor-alkali and downstream derivatives businesses and merger of these businesses with Olin Corporation (OLN) (“Olin”) to create an industry leader with revenues approaching $7 billion.
Comprised are Dow’s U.S. Gulf Coast Chlor-Alkali and Vinyl, Global Chlorinated Organics, and Global Epoxy business units, in addition to 100 percent interest in the Dow Mitsui Chlor-Alkali joint venture. The closing of the merger followed the expiration of the related exchange offer and the satisfaction of certain other conditions. As a result of the exchange offer, Dow will reduce outstanding shares of its common stock by more than 34 million shares or nearly 3 percent of outstanding common shares.
The transaction is highly accretive to Dow and Dow shareholders, with a tax-efficient consideration of greater than $4.6 billion on an after-tax basis and taxable equivalent value in excess of $7 billion.
On other hand, Dow Chemical (NYSE:DOW) has received an average rating of “Buy” from the eighteen analysts that are presently covering the company, Market Beat Ratings reports. Eight equities research analysts have rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $53.13.
The Dow Chemical Company (Dow) is as an integrated science and technology company. The Company is a diversified, manufacturer and supplier of products used primarily as raw materials in the manufacture of customer products and services across the world.
Shares of Fidelity National Financial Inc (NYSE:FNF), decline -0.74% to $36.70, during its current trading session.
Zacks cut shares of Fidelity National Financial (NYSE:FNF) from a buy rating to a hold rating in a research note issued to investors on Monday morning, AnalystRatings.NET reports.
According to Zacks, “Fidelity National Title Group, Inc. is a leading provider of title insurance, specialty insurance and claims administration services. FNT is one of the nation’s largest title insurance companies through its title insurance underwriters. FNT also provides flood insurance, personal lines insurance and home warranty insurance through it specialty insurance business. FNT also is a leading provider of outsourced claims administration services to large corporate and public sector entities through its minority-owned partner, Sedgwick CMS. “
Fidelity National Financial, Inc., together with its subsidiaries, provides title insurance, technology, and transaction services to the real estate and mortgage industries in the United States.
Alcoa Inc (NYSE:AA), during its Tuesday’s current trading session gain 0.67% to $10.48.
Alcoa, declared that Vas Nair, Chief Talent and Diversity Officer, is designated Executive Vice President, Human Resources and Environment, Health, Safety and Sustainability, effective right away. Nair succeeds Roy Harvey who earlier recently was named President of Global Primary Products. Nair will report to Klaus Kleinfeld, Chairman and Chief Executive Officer, and also become a member of the Alcoa Executive Council, the senior leadership team that sets corporate planned direction. Alcoa has 60,000 employees in 30 countries.
In her new capacity, Nair will assume global responsibility for human resources, industrial relations, Environment, Health & Safety (EHS) and Sustainability. She will also oversee the Alcoa Foundation, one of the largest corporate foundations in the U.S. with the mission of strengthening education and sustainability in Alcoa communities worldwide.
Nair joined Alcoa in February 2015 as Chief Talent Officer and later assumed global responsibility for diversity and inclusion. She has deep global talent administration experience developed across a range of industries and manufacturing companies, counting pharmaceutical, finance services and consumer products. Most recently, she was VP of Global Learning and Talent Development at Estee Lauder and VP and Chief Learning Officer at Schering-Plough. She has held HR leadership positions in Australia, Asia and the U.S. and began her career in an industrial operations role.
Alcoa Inc. (Alcoa) is engaged in lightweight metals engineering and manufacturing. The Company operates in four segments: Alumina, Primary Metals, Global Rolled Products, and Engineered Products and Solutions.
Finally, Enterprise Products Partners L.P. (NYSE:EPD), decrease -0.98%, to $28.38.
Enterprise Products Partners, declared the start of service on its Rancho II pipeline between Sealy, Texas and the partnership’s ECHO terminal in southeast Houston. The 88-mile, 36-inch diameter pipeline will transport various grades of crude oil, condensate and processed condensate from the Permian Basin and the Eagle Ford Shale.
Enterprise Products Partners L.P. is one of the largest publicly traded partnerships and a leading North American provider of midstream energy services to producers and consumers of natural gas, NGLs, crude oil, refined products and petrochemicals. Our services comprise: natural gas gathering, treating, processing, transportation and storage; NGL transportation, fractionation, storage and import and export terminals; crude oil and refined products transportation, storage and terminals; petrochemical transportation and services; and a marine transportation business that operates primarily on the United States inland and Intracoastal Waterway systems. The partnership’s assets comprise about 49,000 miles of pipelines; 225 million barrels of storage capacity for NGLs, crude oil, refined products and petrochemicals; and 14 billion cubic feet of natural gas storage capacity.
Enterprise Products Partners L.P. is a provider of midstream energy services to producers and consumers of natural gas, natural gas liquids (NGLs), crude oil, petrochemicals and refined products.
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