Report
Jeffrey Stafford
EUR 101.80 For Business Accounts Only

We Think Dow-DuPont Merger Will Close; But It's on the Shakiest Footing of All the Big Ag Deals

Dow Chemical posted another fairly solid quarter to end 2016, with sales adjusted for acquisitions up about 3% versus the prior-year quarter, with all the gains coming from higher volumes. Fourth-quarter operating EBITDA climbed nearly 10% to $2.6 billion, including some benefit from Dow-Corning. On the whole, quarterly results were in line with our expectations.
As expected, management again pushed back its timeline for the closing of the merger with DuPont--from first quarter of 2017 to first ...
Underlying
Downer EDI Limited

Downer EDI is engaged in providing services to customers which includes Transport Services; Technology and Communications Services; Utilities Services; Rail; Engineering, Construction and Maintenance; and Mining, in Australia and New Zealand and also in the Asia-Pacific region, South America and Southern Africa.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Jeffrey Stafford

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