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(Dow) -- The Dow Chemical Company and Bain
Capital Partners, a leading global private equity firm, announced jointly that
they have closed the sale of Dow’s Styron Division to an affiliate of Bain
Capital. Dow has elected to retain a 7.5 percent equity position in
Styron, which is now a privately held, global materials company. Also included
in the transaction are several long-term supply, service and purchase agreements
between Dow and Styron that will generate substantial additional value for
both companies.
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