Hedge fund Third Point’s activist investor Daniel Loeb has called to remove Dow Chemical Co. Chief Executive Andrew Liveris after the agreement to merge with DuPont Co, the Wall Street Journal reported.
According to the report, Loeb sent a private letter to Dow Chemical’s board on Saturday raising questions about the timing of the deal.
Loeb questioned whether the deal was rushed to be completed before the expiration of a standstill agreement this weekend that had barred him from publicly speaking about Dow, the report said.
The material has been provided by InstaForex Company – www.instaforex.com