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Source: Scott Wapner, CNBC, 5/24/17
Dan Loeb's Third Point is stepping up its pressure on the Dow-DuPont merger plan with a new presentation sent to the companies late last week. As part of their planned merger, Dow Chemical and DuPont are in the middle of splitting the combined company up into three main units: agriculture, materials and specialty products. Third Point is questioning whether too many assets are being pushed into the materials unit, which would be controlled by Executive Chairman Andrew Liveris, who is set to leave Dow next year. For more of this story, click here.
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