The Dow/DuPont merger is likely to be value-accretive to shareholders of both companies.
Dow Chemical posted solid third-quarter results, with particular strength in year-over-year volume growth. Excluding the impact of acquisitions and divestitures, volume expanded 6% versus the third quarter of 2015. Volume gains were particularly impressive given the less-than-stellar global economic backdrop, but it should be noted that at least a portion of the volume gains look to have come from capacity expansions. For its part, management cited exposure to food, safety, and environmental end...
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