Dow Chemical down after Kuwait pulls out of JV deal

Mon Dec 29, 2008 7:43am EST
 
[-] Text [+]

NEW YORK (Reuters) - Shares of Dow Chemical (DOW.N) fell 6 percent before the bell after Kuwait pulled out of a proposed $17.4 billion joint venture deal, leading to speculation Dow's proposed acquisition of Rohm and Haas ROH.N could be jeopardized.

Rohm and Haas shares plunged 17.6 percent to $52.38 in premarket trade.

(Reporting by Ryan Vlastelica, Editing by Chizu Nomiyama)

 

Featured Broker sponsored link