Thursday, June 20, 2013

Latest local news, weather and high school sports for Northern Michigan

Dow Chemical joint venture collapse
Posted: 12.29.2008 at 4:41 PM
0
Photo

Shares of Dow Chemical fell 15-percent Monday afternoon after a multi-billon dollar joint venture between the company and a state-owned Kuwaiti company fell through. The collapse is raising questions about the Midland based chemical company's continued willingness to pay billion of dollars to buyout Pennsylvania based Rohm & Haas company - a deal already in the works. Dow's previous deal with Kuwait's Supreme Petroleum Council would have earned the company more than $17 billion. Dow Chemical planned to used that money to buy Rohm & Haas for more than $15 billion. Now it is unclear whether or not Dow officials intend to keep the agreement.

Popular Stories
Thumbnail
Restaurant damaged by fire
Roxanne Werly  |  Yesterday at 10:15 AM  |  5 comments
Thumbnail
Case closed on human skull fragment found in Mason Co.
Meghan Morelli  |  Yesterday at 11:12 AM
Thumbnail
Legal review finds deputy who shot and killed CMU abductor acted in self defense
Anne Cook  |  Yesterday at 11:28 AM  |  3 comments
Follow Up North Live
Get news and weather notifications on your phone by downloading the iPhone or Android app below
Sign up to get alerts and updates for breaking news, severe weather, and deals:
submit
ADVERTISEMENT
Special Features
Connecting You To The Experts
Health Connections
Team Bob's
Heating Tips
Best Bets Legal
Connecting You To The Experts
Health Connections
ADVERTISEMENT