Delving Into Dow Chemical's Strategy

Dow Chemical (DOW Quote) gave investors a peek at its corporate strategy Tuesday, announcing that it will seek compensation from a Kuwaiti company for backing away from a petrochemical joint venture.

Dow said in a press release that state-owned Petrochemical Industries is in breach of contract for dissolving the JV. Kuwait could be liable for as much as $2.5 billion.

Dow had expected to reap more than $7 billion from the deal, some of which could have been used in its its pending $15.3 billion acquisition of chemical producer Rohm & Haas(ROH Quote). ...