Chemical Week Magazine :: Top of the Week
Dow Slashes Dividend, Scales Back Expansion Plans
10:37 AM MST | February 23, 2009 | KARA SISSELL AND ROBERT WESTERVELT
Dow Chemical last week slashed its quarterly dividend, permanently shut a Texas polyolefins site, and scaled back plans for projects in the U.S. and South America. Dow’s announcements come as it prepares to defend against a Rohm and Haas (R&H) lawsuit seeking to force a follow through of Dow’s previously proposed $18.8-billion acquisition of R&H. Dow backed away from that deal following the collapse of its planned petrochemical joint venture with Kuwait’s Petrochemical Industries Co. (PIC), and the rapid deterioration in profitability...
This information is only available to Chemical Week subscribers.
Forgot your user ID or password?
Not an IHS Chemical Week member yet?
Here's why you should be:
100% Satisfaction Guarantee