Dow Says Cost of Buffett Exit Doesn’t Suit Shareholders
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Andrew Liveris, the chairman and chief executive officer of Dow Chemical Co., said he’s not going to be hurried into paying too much to redeem $3 billion of convertible preferred shares held by Warren Buffett.
“The premium for exit right now doesn’t suit our shareholders,” Liveris said yesterday in an interview at Bloomberg’s headquarters in New York.