Dow Chemical (NYSE:DOW) Upbeat On Legal Fight

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.

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