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Legal fight in Dow-Kuwaiti deal looms
Dow Chemical will pursue legal action against a state-owned Kuwaiti company that scuttled a $17.4 billion joint venture just days before the deal was to close, and said Tuesday that talks for a similar arrangement with other investors are already under way. |
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Summary Box: Legal match set in Dow-Kuwaiti deal
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THE LATEST: Dow Chemical Co. will pursue legal action against a state-owned Kuwaiti company that pulled out of a joint venture last week. The company could potentially recoup $2.5 billion from Petrochemical Industries Co. after it backed away from the K-Dow Petrochemicals agreement. |
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Dow Chemical to pursue legal action against Kuwait
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Dow Chemical Co will take legal action against Petrochemical Industries Co of Kuwait and is seeking more than $2.5 billion in damages from the Kuwaitis for backing out of a joint venture agreement, the largest U.S. chemical maker said on Tuesday. |
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