Dow Chemical Moves Ahead With Its Divestiture Agenda To Improve Margins

The company is currently targeting to raise around $7.5 to $8 billion from the sale of non-core assets by mid-2016. During a recent investor presentation, it also announced a $5 billion share buyback program to be executed over the next 3 years. We believe that most of the $225 million deal value is attached to Dow's sodium borohydride business unit that is a part of its performance additives line of products, which is part of the Performance Materials division.