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Essex Chemical Corp

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September 6, 1988 | From Reuters
Dow Chemical Co. agreed Monday to acquire Essex Chemical Corp. for $367 million, rescuing it from the unwelcome advances of Switzerland's Gurit-Heberlein AG. Dow Chemical's $36-a-share price for all of Essex's outstanding shares easily tops Gurit's offer for a controlling stake in Essex of $32 a share, a conditional offer that was rejected last week by Essex's board. In a joint statement, the two American companies said Dow Chemical will conduct a tender offer for all of Essex's 10.
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BUSINESS
September 6, 1988 | From Reuters
Dow Chemical Co. agreed Monday to acquire Essex Chemical Corp. for $367 million, rescuing it from the unwelcome advances of Switzerland's Gurit-Heberlein AG. Dow Chemical's $36-a-share price for all of Essex's outstanding shares easily tops Gurit's offer for a controlling stake in Essex of $32 a share, a conditional offer that was rejected last week by Essex's board. In a joint statement, the two American companies said Dow Chemical will conduct a tender offer for all of Essex's 10.
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BUSINESS
August 30, 1988 | From Times Wire Services
The stock market Arallied Monday, carrying through on a rebound that began last week at three-month lows. However, trading was so light that most analysts saw little substance in the advance. The Dow Jones industrial index advanced 24.00 points to close at 2,041.43. The index dropped below 2,000 last Tuesday before beginning its recovery. Advancing issues outnumbered declines by nearly 2 to 1 in nationwide trading of New York Stock Exchange-listed stocks.
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June 7, 1987 | STEVE CHAPPLE, Steve Chapple's most recent book was "Outlaws in Babylon." His next is "Burning Desires: Love and Lust in Dangerous Times" (with David Talbot), which will be published by Dolphin / Doubleday.
NEITHER FATHER NOR DAUGHTER looks much like a detective. He, Larry Larsen, is tall and roly-poly, at 47 not quite fat--rather, large and dignified. Invariably, he wears a blue Oxford button-down shirt with a pen sticking out of the breast pocket. His manner is at first goofy, like TV detective Colombo's, yet even more disarming than that. Daughter Linda, 27, is the opposite: thin, tough, new wave, a black malachite stud in her right ear, two pearls in the left.
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