Dow Chemical (DOW) seemed to be upset that the government of Kuwait walked out on the big joint venture they had agreed to.
According to MarketWatch: Dow Chemical Co. (DOW) said Tuesday it would seek legal, operational and financial actions to enforce its rights under a failed joint-venture deal with Kuwait’s Petrochemical Inc. "Pursuing legal options is not a decision we take lightly, especially because of the longstanding partnerships we have established in Kuwait over the past decade, but PIC is in breach of contract, and we must take action to protect the interests of our company and our shareholders," Dow Chief Executive Andrew Liveris said in a statement.
Douglas A. McIntyre
Sponsored: Find a Qualified Financial Advisor
Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to 3 fiduciary financial advisors in your area in 5 minutes. Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests. If you’re ready to be matched with local advisors that can help you achieve your financial goals, get started now.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Editors' Picks
