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Dow agrees AgroFresh sale

Dow Chemical has agreed to divest the majority of its post-harvest agrochemical AgroFresh business to Boulevard Acquisition Corporation for $860 million. That represents a 9.2 times EBITDA (earnings before interest, tax, depreciation and amortisation) multiple based on 2014 earnings, Dow points out. The deal is expected to be completed during the third quarter of 2015.

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