DOW refusing to close ROH deal; wants more time

AP DOW News

In an significant change of course for the CEO of DOW, Andrew Liveris has stated that doing the ROH deal with put both companies a perilous position. ROH has since sued DOW and is trying to get the court to force DOW to close on the deal.

Andrew Liveris now says that he is looking to do the deal at a much later date and that he will look into dividend cuts. While the dividend might be cut, it should still be a significant yield and I plan to hold DOW in the TDBU portfolio.