SEC Grants No-Action Relief to Dow Chemical Regarding Issuer Tender Offers

The SEC Division of Corporate Finance granted no-action relief in a letter to The Dow Chemical Corporation relating to an exchange offer with Olin Corporation, a Virginia corporation. The letter provides relief from Exchange Act Rules 13e-4(d)(1), 13e-4(e)(3), 13e-4(1)(ii) and 14e-1(b) regarding issuer tender offers.