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Mideast-U.S. Fund Eyes $50 Billon Bid for Dow Chemical: Report - ASHARQ AL-AWSAT English Archive
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LONDON (Reuters) – A consortium of Middle Eastern investors and American buyout firms is preparing a $50 billion approach for Dow Chemical Co. in what could be the world’s biggest ever leveraged buyout, a paper said on Sunday.

The Sunday Express said, quoting sources close to the deal, that a financing package has been put in place for a break-up bid of between $52 to $58 a share and an approach valuing the company at at least $50 billion could come by the end of this week.

At least half of the capital is being provided by investors from Saudi Arabia, Kuwait, Bahrain, Qatar, UAE and Oman, with the rest contributed by a number of U.S. buyout firms including Kohlberg Kravis Roberts, it said.

Asharq Al-Awsat

Asharq Al-Awsat

Asharq Al-Awsat is the world’s premier pan-Arab daily newspaper, printed simultaneously each day on four continents in 14 cities. Launched in London in 1978, Asharq Al-Awsat has established itself as the decisive publication on pan-Arab and international affairs, offering its readers in-depth analysis and exclusive editorials, as well as the most comprehensive coverage of the entire Arab world.

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