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Dow Divests Assets; Defends Rohm and Haas Purchase

11:38 AM MDT | May 22, 2009 | Robert Westervelt with Nancy Seewald

Dow Chemical says it has agreed to sell its 45% stake in a Dutch refining partnership with Total, Total Raffinaderij Nederland, to Valero Energy for about $725 million. The deal is expected to close in the third quarter, pending regulatory approval and a right of first refusal by Total. Dow has also entered into an agreement to sell its calcium chloride business to Occidental Petroleum’s OxyChem unit for about $210 million. That deal, which is expected to close by the end of June, includes assets at Ludington, MI, as well as calcium chloride terminals and...

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Comments (1) for Dow Divests Assets; Defends Rohm and Haas Purchase
1.
CAN YOU PLEASE SHOW THE WHOLE STORY WITHOUT THE PICTURE OF ANDREW LIVERIS BLOCKING PART OF IT. THIS IS NOT A WAY TO SHOW ARTICLES FROM YOUR MAGAZINE.
Posted by ALFRED FARHA on Tuesday, June 2, 2009 @ 08:06 AM










 
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