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Fly News Breaks for March 27, 2015
DOW
Mar 27, 2015 | 11:21 EDT
JPMorgan said Dow Chemical's (DOW) sale of the Chlorine business to Olin is very good for shareholders. The firm said the deal EBITDA multiple is favorable, the RMT transaction is tax-free and will allow the company to buy back shares efficiently, Dow will receive $400M upfront, and the sale to a single party reduces complexity.
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