Tuesday, February 03, 2009

Yet more on Dow Chemical

This is endless. Now the Kuwaiti government is initiating an investigation into possible bribery of Kuwaiti officials in an effort to keep the K-Dow deal alive. Dow must be wondering what they did to deserve all this. Where will this all end?

Random speculation with absolutely no basis in reality (although if it happens, you heard it here first): ExxonMobil going to buy up Dow. After all, they have $45 billion profit to work with, and they better spend it one way or the other before Congress tries to pick it up. The more I think about this, the better I like it. Yeah, Exxon planned it all along...they lowered the price of gas just so they could pick up Dow on the cheap...a great conspiracy theory.

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