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Updated from 2:09 p.m. EST
Shares of Dow Chemical (DOW Quote) slumped Monday after Kuwait's government called off a $17.4 billion joint venture with the Michigan-based petrochemicals company.
Dow closed down 19% at $15.32, a new 52-week low.
Investors in Rohm & Haas (ROH Quote) were also concerned, sending the company's shares down 16%. Dow set plans in July to acquire Rohm & Haas in a nearly $19 billion deal. For its part, Rohm & Haas said the successful completion of Dow's joint venture in Kuwait was not required to close the merger of the two. ...
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