Buyout Talk Lifts Dow Chemical

The stock rises more than 7%.
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Dow Chemical's

(DOW) - Get Report

shares were on the rise after a British tabloid reported for the second time in recent weeks that the company could be a buyout target.

England's

Sunday Express

, following its earlier report in February, said a group of Middle Eastern investors and U.S. buyout firms including Kohlberg Kravis Roberts are getting ready to offer around $50 billion for Dow.

The investor group has lined up financing for the bid, which would be valued at $52 to $58 a share, the report said. If a deal is reached, it would be the biggest leveraged buyout ever.

Shares of Dow were gaining 7.3% to $47.70 in premarket trading Monday.