DALLAS, Texas – Beacon Equity Research announces the release of Trade Alerts covering Newsworthy Market Movers: Dow Chemical Co. (NYSE: DOW), Rohm & Haas Co. (NYSE: ROH), Limited Brands Inc. (NYSE: LTD), General Motors Corp. (NYSE: GM), Wal-Mart Stores Inc. (NYSE: WMT) and Motorola Inc. (NYSE: MOT).
In the Trade Alert, the author highlights Dow Chemical’s announcement that Kuwait is canceling a $7.5 billion deal:
“Dow Chemical Co. (DOW) shares dropped 20.19% to $15.10 Monday morning. Dow Chemical engages in the manufacture and sale of chemicals, plastic materials, agricultural and other specialized products and services worldwide. … Dow Chemical recently said Kuwaiti officials informed the company Kuwait is scrapping a deal under which a state-owned petroleum company was to pay Dow $7.5 billion for a 50% stake in several chemical plants, and form a $17.4 billion petrochemical joint venture with Dow Chemical.”
The Trade Alert author also featured Rohm and Haas’ proposed transaction with Dow Chemical to be completed in 2009:
“Rohm and Haas Co. (ROH) shares fell 16% Monday mid-day, trading at $53.44. Rohm and Haas provides various specialty materials primarily for use in the building and construction, electronics, packaging and paper, industrial, transportation, household, personal care, water and food markets. … Rohm and Haas and Dow Chemical entered into a definitive agreement July 10, 2008, providing for the acquisition of Rohm and Haas by Dow Chemical, which was approved by Rohm and Haas shareholders October 29, 2008. Rohm and Haas continues to work diligently towards completing the proposed transaction with Dow Chemical in early 2009.”
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Jeff Bishop, (469)-252-3505