Posted on 04/08/2007 7:09:59 PM PDT by TxCopper
LONDON (Reuters) - A consortium of Middle Eastern investors and American buyout firms is preparing a $50 billion approach for Dow Chemical Co. (DOW.N: Quote, Profile , Research) in what could be the world's biggest ever leveraged buyout, a paper said on Sunday.
(Excerpt) Read more at today.reuters.com ...
Consortium of Middle Eastern countries to buy one of our largest chemical companies... lovely.
If Bush is on his toes, he’ll put the kabosh on this immediately, publicly, and with feeling.
Arabs owning Dow Chemical? Not a good thing.
Not a good thing at all.
Not the first U.S. firm to be weakend through lawsuits.
A name change is in the works: Dow Bin-Laden Fertilizer and Explosives, Inc.
The reason I wanted to post this thread is because I saw the potential for national security concerns. Plus, will this be yet another business leaving Michigan?
If W was on his toes he never would have signed Sarbanes-Oxley. At this rate there aren’t going to be any public companies left.
“If Bush is on his toes, he’ll put the kabosh on this immediately, publicly, and with feeling.”
And if the moon had air, people would live there.
Mr. Bush is not on his toes. This will be allowed to progress.
Ping of interest.
KKR is the buyout firm. HUGE supporters of W. No way the admin. will stand in the way. Maybe congress will make a big enough fuss.
KKR is the buyout firm. HUGE supporters of W. No way the admin. will stand in the way. Maybe congress will make a big enough fuss.
-
I used to be a huge supporter of W.
I’d like to be, again. I really would. But more and more, I cannot help but ask:
Why must our national policies be for sale?
It’s not like Bush needs the money.
I wish he would do what is right for our country.
Not for his or the party’s campaign donors.
Not for Texans.
For AMERICA.
Michigan?? What about Texas?? Dow Texas Ops is much larger than Michigan. This would be disastrous.
So Middle Eastern oil sheikhs, who could spend their money on bombs or rockets, are instead injecting $50 billion into the American economy... and this is a bad thing? Huh?
If the Arabs wanted to buy fertilizer and explosives, they could do so for a lot less than $50 billion. This is a $50 billion injection into the American economy. Assuming investors go along, what the heck is the downside?
[Consortium of Middle Eastern countries to buy one of our largest chemical companies... lovely.]
Yeah.
Let’s hope more of a fuss gets made about this than when they bought a big chunk of Citibank on the day the ground war started in the first Gulf War.
Dow Chemical produces the chemicals, that are made into explosives, that go in bombs and rockets.
[and this is a bad thing]
Yes.
The market cap of Dow has been in the range of 40 - 50 billion in the last two years. The capitalizaton is already in the economy so I don’t understand your point.
It’s “free trade” doncha know.
It’s also a reflection of the absolute groveling our elected officials do when they see Middle Eastern Oil money. National security is a term they are relegating to the dustbin of history.
You see they need Middle Eastern oil money to offset the influence of communist China and the trillion dollars worth of T-bills owned by the Chicoms.
“If Bush is on his toes, he’ll put the kabosh on this immediately, publicly, and with feeling.”
And the reason we should want the Govt to interfere with the free enterprise system is .... ???
“Arabs owning Dow Chemical?”
You dont want investors clamoring to invest in America?
So you want higher interest rates?
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