Source: The Indianapolis Business Journal

The Indianapolis Business Journal has reported that financially strapped Dow Chemical Co. acknowledges it may sell Indianapolis-based Dow AgroSciences LLC, the ag-chemicals-and-biotech firm that's one of the biggest jewels in the city's life sciences crown.

According to the report, Dow Chemical CEO Andrew Liveris said that the Midland, Mich.-based company has teams working with investment banks to evaluate potential buyers for 12 major assets, including Dow AgroSciences.

"We are very proud of the (AgroSciences) business," Liveris said. "It's a high earner. In the last five years, we've invested in it. It generated a great R&D pipeline ... a lot of great niches and, in fact, good positions around the world in various crops and in various chemical markets."

For the full story from The Indianapolis Business Journal, click here.