Kuwait Cancels Joint Venture With Dow Chemical

Kuwait Cancels Joint Venture With Dow Chemical
http://dealbook.blogs.nytimes.com/2008/12/28/kuwait-cancels-joint-venture-with-dow-chemical/

Dow Chemical said Sunday that the government in Kuwait had changed its mind and chosen to scrap the $17.4 billion joint venture between Dow and the Kuwaiti state-run Petrochemical Industries Company.

The reversal is a setback for Dow, the chemicals giant based in Midland, Mich. The joint venture, called K-Dow Petrochemicals, was seen as an important way for Dow to reduce its exposure to the ups and downs of the commodities business, as well as to raise cash to defray the cost of Dow’s pending $15 billion acquisition of rival Rohm and Haas.

In a statement Sunday, Dow said it was “extremely disappointed” with the Kuwaiti government’s decision and was evaluating its options regarding the joint venture deal, which was scheduled to close on Jan 1, 2009.

這樣陶氏會不會因此推高負債比重? 在下年方向會不會有所變動呢? 這跟我的工作關係相當密切, 不過...舉目觀看, 我的幫助從造天地的耶和華而來。