On Monday, Dow Chemical Co (NYSE:DOW)’s shares declined -3.92% to $51.28.
The Dow Chemical Company’s (DOW) Board of Directors, counting Third Point’s two designated directors, are unanimously and fully supportive of the declared merger of equals with DuPont and intended separation. This merger is the optimal path forward and a win for all of our shareholders. We stand by both our and DuPont’s Boards’ unanimous decisions to conduct this transaction, and are fully focused on achieving the successful integration of both powerhouse companies.
Statements from Dow Board Members for Attribution
Jeff Fettig – Lead Director
“Dow’s Board of Directors is fully aligned with the strategy that Andrew and his administration team are executing. We unanimously support the agreement with DuPont, which is the culmination of our focus to create compriseent and sustainable value for our shareholders and meet our customers’ needs.”
Dennis H. Reilley
“Serving as a long-standing member of Dow’s Board of Directors, I’ve had the opportunity to assist develop and guide Dow’s strategy over the years culminating in the recent merger declarement with DuPont. This historic action, combined with the strong and compriseent financial results the Company has delivered for the last three years, is a testament to the unwavering vision and leadership of Dow’s Board, Andrew Liveris himself, and the strength and depth of Dow’s administration team.”
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.
Lifelock Inc (NYSE:LOCK)’s shares gained 1.85% to $14.02.
LifeLock, Inc. (LOCK), a leading provider of proactive identity theft protection services, declared that Sharon Segev is joining the company as Executive Vice President, General Counsel and Secretary, effective January 11, 2016.
Segev brings more than 15 years of technology-focused experience in various legal and planned roles. Most recently, she served as Vice President, Corporate Development, General Counsel and Secretary of Elo Touch Solutions, Inc., an industry leading touch solutions provider. In that role, she was in charge of all worldwide legal operations, counting planned transactions, corporate governance, compliance, regulatory issues, employment, finance, intellectual property, commercial transactions, supply chain and litigation, in addition to all corporate development initiatives.
“Sharon brings to LifeLock deep experience and a record of success serving as corporate counsel to dynamic technology companies,” said Todd Davis, LifeLock’s Chairman and Chief Executive Officer. “The breadth of her knowledge across the spectrum of legal and planned disciplines, together with her ability to manage highly effective legal teams and foster partnershipacross corporate functions, will be of great value to LifeLock as we continue to expand our leadership in identity protection.”
LifeLock, Inc. provides identity theft protection services for consumers; and consumer risk administration services for enterprises in the United States. It protects consumer subscribers through monitoring identity-related events, such as new account openings and credit-related applications; and enterprise customers through delivering on-demand identity risk, identity authentication, and credit information about consumers.
At the end of Monday’s trade, Schlumberger Limited. (NYSE:SLB)‘s shares surged 0.29% to $70.02.
Schlumberger Limited (SLB) declared that Schlumberger Holding Corporation (“SHC”), its wholly-owned partner and the holding company for its U.S. operations, will issue five tranches of senior notes with the following maturities: 2017 (the “2017 Notes”); 2018 (the “2018 Notes”); 2020 (the “2020 Notes”); 2022 (the “2022 Notes”); and 2025 (the “2025 Notes” and together with the 2017 Notes, the 2018 Notes, the 2020 Notes and the 2022 Notes, the “Notes”). The offering is predictable to close on December 10, 2015.
The net proceeds to SHC from the offering will be used for general corporate purposes, counting to finance a portion of the consideration of Schlumberger’s pending acquisition of Cameron International Corporation.
Schlumberger Limited supplies technology, integrated project administration, and information solutions to the oil and gas exploration and production industries worldwide. The company operates through Reservoir Characterization Group, Drilling Group, and Production Group segments.
