Is it too early to bury the Dow and Reliance joint-venture deal? Today’s Economic Times reports that the two companies are still talking but a deal could be a few months away as many issues still need to be sorted out.
The report refers to valuation and management issues but reiterates that both sides are convinced about the strategic fit of the joint venture.
Today’s report follows the one last week which stated that high valuation following the interest shown by private equity had caused Reliance to pull out. Both sides are of course mum and one can only speculate if Reliance will finally succeed in going global.