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Tuesday, January 21, 2014

Third Point initiates $1.3B position in DOW Chemical

Dan Loeb's Third Point Capital is out with a letter today announcing they have recently initiated a $1.3B position in Dow Chemical (DOW).  They argue for a spin off of DOW's petrochemical business and point out how mediocre returns have been in the past couple of years.  DOW is now the largest position in their fund.  Enjoy:

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