Dow Chemical Co. may soon receive a $50 billion buyout offer, which could be the world’s largest leveraged buyout to date, Reuters reported.

Yesterday, a British newspaper, the Sunday Express, reported that a consortium of Middle Eastern investors and American buyout firms have a financial package in place to buy Dow. The offer would pay $52 to $58 per share and have a total value in excess of $50 billion. Dow’s shares were trading at $44.47 at the end of last week. According to the Sunday Express, at least half of the capital is being provided by investors from countries such as Saudi Arabia, Kuwait and Qatar, with the rest contributed by U.S. buyout firms such as Kohlberg Kravis Roberts & Co.

Over the past several months, Dow has been moving toward making changes that would allow the company to focus more on its specialty chemicals division. Last month, The Wall Street Journal reported that Dow was in talks with an Indian company, Reliance Industries Ltd., about a possible joint venture.