At the end of 2008, U.S. Based Dow Chemical was in negotiations with Kuwait. The deal would have allowed a state-owned Kuwaiti petroleum company to pay Dow Chemical $7.5 billion for a 50% stake in several of their chemical plants. However, according to The Wall Street Journal, Kuwaiti officials decided to scrap the deal due to America's faltering economic state.[SIDEBAR: Kuwait and an American chemical company doing billion dollar deals together...Interesting...To say the least.]
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