Friday, May 25, 2007
Remember the recent firing by Dow Chemical of two longtime executives, Romeo Kreinberg and J. Pedro Reinhard, for allegedly engaging in unauthorized talks to sell the company? That has led to suits and counter-suits between Dow Chemical and the former executives. Now the SEC has opened an inquiry into the matter and is also investigating suspicious trading in the stock of both Dow Chemical and DuPont last fall when Dow Chemical was making undisclosed overtures to take over DuPont. See NYTimes, Investigation Is Said to Open on Dow Chemical.