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Buyout reports shake Midland: Investors to grab Dow Chemical, British paper says.

Detroit Free Press (Detroit, MI)

| April 10, 2007 | COPYRIGHT 2007 Detroit Free Press. (Hide copyright information)Copyright

Byline: Jewel Gopwani and Alejandro Bodipo-Memba

Apr. 10--MIDLAND -- From the Middle East to London to New York, the investment world is talking about Dow Chemical Co. And when people talk about Dow Chemical, they are talking about this city of 41,700 people. So when speculation surfaced again Monday about a potential buyout of the company, so did nervousness among many residents. They worry that Dow Chemical, responsible for the livelihoods of so many and counted on for future jobs, could be the latest target in a buying spree by private investors. London's Sunday Express reports that Middle Eastern investors have put a package together with U. S. buyout firm Kohlberg Kravis that could exceed $50 billion. Dow, in a statement, said the company has had no discussion …

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