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Dow Chemical Plummets as Kuwait Cancels Investment

(Bloomberg) — Dow Chemical Co. plunged the most in at least 28 years and Rohm & Haas Co. tumbled after their $15.4 billion merger was threatened by the collapse of a deal between Dow and Kuwait that would have provided some of the funding.

Midland, Michigan-based Dow, the biggest U.S. chemical company, declined $3.60, or 19 percent, to $15.32 at 4:15 p.m. in New York Stock Exchange trading, the largest drop since July 1980, when Bloomberg data on the company begins.


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