BRIEF-Dow Advances Strategic Focus With Sale Of Flexible Packaging Laminating Adhesives Business To Arkema

Reuters05-02

May 2 (Reuters) - Dow Inc :

* DOW ADVANCES STRATEGIC FOCUS WITH SALE OF FLEXIBLE PACKAGING LAMINATING ADHESIVES BUSINESS TO ARKEMA

* DOW INC - TRANSACTION VALUE IS $150 MILLION OR APPROXIMATELY 10 TIMES FORECASTED 2024 EBITDA

* DOW INC - TRANSACTION IS EXPECTED TO CLOSE BY END OF 2024, SUBJECT TO REGULATORY APPROVAL

* DOW INC: FIVE MANUFACTURING SITES IN ITALY, UNITED STATES AND MEXICO WILL TRANSFER TO ARKEMA

* DOW INC - SIGNED DEAL TO SELL FLEXIBLE PACKAGING LAMINATING ADHESIVES BUSINESS, WITHIN DOW'S PACKAGING & SPECIALTY PLASTICS SEGMENT, TO ARKEMA

Source text for Eikon: Further company coverage:

((reuters.briefs@thomsonreuters.com;))

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