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[Rogerdodger]

LONDON (Reuters) - A consortium of Middle Eastern investors and American buyout firms is preparing a $50 billion approach for Dow Chemical Co. (DOW.N: Quote, Profile , Research) in what could be the world's biggest ever leveraged buyout, a paper said on Sunday.

Quoting sources close to the deal, The Sunday Express, a UK tabloid paper, said a financing package has been put in place for a break-up bid of between $52 to $58 a share and an approach valuing the company at least $50 billion could come by the end of this week.

Dow's shares closed up 35 cents at $44.47 on the New York Stock Exchange on Thursday.

Edited by Rogerdodger, 08 April 2007 - 09:32 PM.

[selecto]

All your boobies are belong to us.

Edited by selecto, 09 April 2007 - 09:50 AM.