Dow Chemical Considers Legal Options Against Kuwait
According to the Wall Street Journal, “Dow Chemical Co. said it would pursue legal, operational and financial avenues to enforce its rights under a failed $17.4 billion joint-venture deal with Kuwait’s Petrochemical Industries Inc.
At the same time, Dow said that it has been approached by other potential business partners and that it has been in discussions regarding some of the operations that were slated to be part of the Kuwait deal, such as the basic plastics business that was its centerpiece.
The Midland, Mich., chemicals giant was notified Dec. 31 that Petrochemical Industries was scuttling their K-Dow venture just days before its launch.”
read more: Wall Street Journal
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