|Day's Range||11.740 - 11.840|
|52 Week Range||10.660 - 12.780|
|PE Ratio (TTM)||7.95|
|Dividend & Yield||0.04 (2.94%)|
|1y Target Est||N/A|
A Chinese fund part-owned by congolomerate CITIC Ltd has paid $1.1 billion for some of Dow Chemical Co's (DOW.N) corn seed business in Brazil, in a further sign of China's fast-expanding role in the global seed sector. The deal includes seed processing plants and seed research centers, a copy of Dow AgroSciences' Brazilian corn germplasm bank, the Morgan seed brand and a license for the use of the Dow Sementes brand for a certain period of time, Dow said on Tuesday. The assets, which generated revenue of about $287 million in 2016, are being sold by Dow to meet conditions set by Brazilian antitrust regulators for its $130 billion merger with DuPont.
The Dow Chemical Co. said late Tuesday it has agreed to sell a portion of its corn-seed business in Brazil to an arm of China's CITIC Ltd. conglomerate for $1.1 billion. The deal is meant to satisfy commitments ...
Chinese companies seeking overseas acquisitions increasingly covet offshore dollar funds as capital controls make it hard for even state-controlled investment firms to finance deals with domestic resources....