Cullen Capital Management, LLC disclosed a significant sale of Dow(DOW 0.17%) on Friday, reducing its position by nearly 1.4 million shares in a transaction worth an estimated $39.71 million based on average prices for the quarter. What happenedNew York-based Cullen Capital Management, LLC disclosed in a Tuesday filing with the Securities and Exchange Commission that its position in chemicals giant Dow decreased by nearly 1.4 million shares between March 31 and June 30. The fund’s remaining stake stands at nearly 3.2 million shares, valued at $84.3 million as of June 30. The firm generates revenue by manufacturing and distributing specialty chemicals and materials through three main segments: Packaging & Specialty Plastics, Industrial Intermediates & Infrastructure, and Performance Materials & Coatings. Packaging & Specialty Plastics: A segment producing plastics and materials for packaging and specialty applications.