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Fly News Breaks for March 7, 2016
BASFY, DOW, DD
Mar 7, 2016 | 12:05 EDT
After Bloomberg reported that BASF (BASFY) was examining a potential counter-bid for DuPont (DD), RBC Capital analyst Arun Viswanathan noted that the $1.9B break-up fee associated with DuPont's current pact with Dow (DOW) would likely increase the amount BASF would need to bid significantly. Additionally, Viswanathan thinks a BASF-DuPont deal would offer lower synergy potential and presumably lower tax efficiencies. The analyst maintains a Sector Perform rating on DuPont and keeps a Top Pick rating on Dow.
News For DD;DOW;BASFY From the Last 2 Days
DOW
Apr 25, 2024 | 06:31 EDT
