Dan Loeb To Dow: Fire That CEO
Activist investor Daniel Loeb and his Third Point hedge fund are taking Dow Chemical (DOW) CEO to task.
The fund wants Andrew Liveris fired after its merger agreement with DuPont (DD) is finalized.
This comes via a letter that Loeb sent to Dow over the weekend, which also questioned the timing of the deal, although Loeb does support the merger. Loeb thinks the deal is part of a plan to handle the standstill agreement between Loeb and Dow that ended this weekend.