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Update US Dow to spend $2.16bn K-Dow settlement on debt, growth
(adds further detail in paragraphs 1-7, 9, 12, and 14-15)
HOUSTON (ICIS)--Dow Chemical plans to spend its $2.16bn (€1.73bn) settlement in the K-Dow dispute on debt, growth and shareholders and not on any major mergers and acquisitions (M&A), the US-based major said on Thursday.
Dow has repeatedly stated that it intended to spend cash on such goals in past conference calls.
"Our priorities will remain consistent with what we have said.
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VIDEO - ICIS Americas Lunchtime Bulletin 24 May 2012
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