Indy Star (Free subscription) | yesterday
NEW YORK Dow Chemical Co. and Petrochemical Industries Co., which is controlled by the Kuwaiti government, said Monday they have finalized a joint venture agreement to form K-Dow Petrochemicals. The new company will market plastics and other related products. Estimated to be worth about $17.4 billion, K-Dow is slated to open by Jan. 1.
Law Blog - WSJ.com (Free subscription) | yesterday
Dow Chemical renegotiated a venture with Kuwait Petroleum, accepting $500 million less for the assets it will contribute.
Market Watch (Free subscription) | 01/12/2008
Dow Chemical Co. and its partner Petrochemical Industries Co. say they expect their 50-50 joint venture company, K-Dow, to begin operations no later than Jan. 1.
Market Watch (Free subscription) | 01/12/2008
NEW YORK (MarketWatch) -- Dow Chemical Co. and its partner Petrochemical Industries Co. said Monday they expect their 50-50 joint venture company, K-Dow, to begin operations no later than Jan. 1. The total enterprise value of the company will be $17.4 billion, and each shareholder will receive a special cash contribution of $1.5 billion upon closing of the transaction, the companies said in a joint...
Globe and Mail (Free subscription) | yesterday
Dow Chemical Co. accepted a lower price for a 50-per-cent stake in its basic-plastics unit from Kuwait's Petrochemical Industries Co. because of a weak global economy and lower oil prices. Dow will receive $9-billion (U.S.) in pretax proceeds, less than the $9.5-billion announced 11 months ago, chief executive officer Andrew Liveris said yesterday. Dow signed definitive agreements with Kuwait's state-owned...
Reuters UK (Free subscription) | yesterday
NEW YORK/KUWAIT (Reuters) - The value of K-Dow Petrochemicals, the planned joint-venture between Dow Chemical and Kuwait Petroleum Corp, has been cut by more than 8 percent to about $17.4 billion in light of a sharp slowdown in global demand.
Detroit Free Press (Free subscription) | 01/12/2008
MIDLAND — Officials say a joint petrochemicals venture between Dow Chemical Co. and a Kuwaiti company will begin operations by Jan. 1.
Financial Time (Free subscription) | 01/12/2008
A $19.1bn joint venture between Kuwait's Petroleum Industries Company and US-based Dow Chemical has been revalued down to $16bn, according to people familiar with the negotiations
Zawya.com - Top Regional News (Free subscription) | 01/12/2008
Kuwait has revalued a $20 billion joint venture with Dow Chemical down to $16 billion. KPC has sent a delegation to the United States to renegotiate the deal, now expected to come in at around $16 billion
Reuters UK (Free subscription) | 26/11/2008
NEW YORK/KUWAIT, Nov 26 (Reuters) - U.S. firm Dow Chemical said on Wednesday it was on track to close a deal this year for a $19 billion petrochemicals venture after partner Kuwait Petroleum Corp was reported as saying it was under review.
SeekingAlpha.com (Free subscription) | 24/11/2008
Ryan Barnes submits: In early October I made up a list of 10 Blue Chips that I saw to be unfairly “On the Outs” at the time. The list included market leaders with strong balance sheets and high yields, names like Pfizer (PFE), [[BP]], and Reynolds American (RAI). As I examined the performance of the group since the article was posted, I was pleased to see that 9 out of the 10 stocks have outperformed...
THE BRAZOSPORT NEWS (Free subscription) | 20/11/2008
The BASF plant in Freeport is temporarily closing and recent comments from the Grand Poobah of Dow Chemical Co. ain't too encouraging either. BASF employs 642 employees and another 542 contract workers so the effect on the Brazosport economy will be felt in quick order. The Associated Press reported that Germany-based BASF also plans to cut production at 100 more facilities, and that a total of about...
PR News Wire (Free subscription) | 20/11/2008
HOUSTON, Nov. 20 /PRNewswire/ -- Chemical Market Associates, Inc. (CMAI) recently completed the Chemical Company Analysis (CCA) on Dow Chemical, a supplemental report to the 2008 Edition. The report includes strategic direction, financial overviews, global chemical business operations/positions, chemical manufacturing site descriptions and chemical product material balances for Dow Chemical. Based...
Green News Blend (Free subscription) | 18/11/2008
There are many valid reasons to criticize the Dow Chemical Company — Napalm, Agent Orange, its massive contribution to the U.S.’s population of Superfund sites — but Dow CEO Andrew Liveris earned the Midland, Michigan-based company some kudos this week by pushing for a new nationwide energy policy. “I will guarantee you that I am not going to drop my voice one iota until we get an energy policy in...
ENN: Top Stories (Free subscription) | 18/11/2008
Dow Chemical Co has called on the incoming administration of U.S. President-elect Barack Obama and Congress to implement a comprehensive national energy policy. "I will guarantee you that I am not going to drop my voice one iota until we get an energy policy in this country that makes sense," Chief Executive Andrew Liveris told Reuters in an interview on Friday.
