Ann: DOW: Presentation - Offer for Spotless & equity raising, page-71

Might not happen today but I agree it will tick up. Event hedge fund accumulation takes time, they will continue to buy stock as insto's who don't want to wait churn out.

Successful completion of DOW's capital raising will also reduce perceived risk. Although it's underwritten, there is always the risk when you announce a takeover that your own shareholders revolt. If it's well supported via participation in the rights issue, it will bode well.