Dow Chemical (NYSE:DOW) has been reportedly in high hopes over its lawsuit
against Kuwait. Dow Chemical (NYSE:DOW) Upbeat On Legal Fight Midland, Michigan
based multinational corporation, Dow Chemical (NYSE:DOW), is reportedly
optimistic about the lawsuit filed against Kuwait's Petrochemicals Industries,
in which it is claiming $2.5 billion for violating a 2008 contract to buy a
stake in the Dow Chemical (NYSE:DOW)'s plastics business. Rebecca Bentley, a
spokeswoman for Dow Chemical (NYSE:DOW), said, "Nothing has diminished our
position that Petrochemicals Industries Co. was required to close, and that
Petrochemicals Industries Co. owes substantial damages to Dow Chemical
(NYSE:DOW). We remain very optimistic about the reward." Dow Chemical
(NYSE:DOW) shares were at 28.31 at the end of the last days trading. Theres been
a 18.6% movement in the stock price over the past 3 months. Dow Chemical
(NYSE:DOW) Analyst Advice Consensus Opinion: Hold Mean recommendation: 2.4
(1=Strong Buy, 5=Strong Sell) 3 Months Ago: 2.21 Zacks Rank: 29 out of 36 in the
industry
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