Dow's Gulf Coast Play Draws More Macquarie Capital In $3 Billion Deal

Dow Inc. (NYSE:DOW) shares are trading lower premarket on Tuesday following the company’s disclosure that Macquarie Asset Management's unlisted infrastructure fund, Macquarie Infrastructure Partners VI (MIP VI), has exercised its previously disclosed option to purchase an additional 9% equity stake in select U.S. Gulf Coast infrastructure assets.

The move increases MIP VI's total ownership in Diamond Infrastructure Solutions to 49%.

Read: Dow Analysts Slash Their Forecasts After Weak Q2 Results

With the ...