Dow Chemical Co. and Petrochemical Industries

Dow Chemical Co. and Petrochemical Industries Co. reaffirmed their commitment to a joint venture deal on Monday, easing investor concerns that Dow wouldn't have the cash it needs to complete its pending acquisition of Rohm & Haas. The 50-50 joint company, K-Dow, is expected to begin operations no later than Jan. 1 and have annual sales of $15 billion, the companies said. Further, Dow Chemical (USOW) said it expects to receive $9 billion in total pre-tax proceeds from the transaction, vs. the $9.5 billion expected when the deal was first announced last December. Toyota Tundra Mass Air Flow Meter

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