05 March 2009 22:05 [Source: ICIS news]
HOUSTON (ICIS news)--Shares of Dow Chemical fell to a 24-year low on Thursday as the Dow Jones Industrial Average dropped 281.40 points, or 4.09%, to finish at 6,594.44, its lowest level since April 1997.
Dow Chemical, whose trial over its $18.8bn (€14.9bn) takeover of Rohm and Hass begins next week, fell 8.4% to close at $6.47/share.
All other major chemical stocks followed the general market decline.
Eastman Chemical closed at $18.00/share, a drop of 7.36%.
Analysts attributed the overall market decline to concerns regarding the stability of automaker General Motors (GM) and ongoing uncertainty regarding the ?xml:namespace>
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