Warren Buffett Watch
- Warren Buffett's Berkshire Hathaway Adds GM to Holdings
- Lunch With Warren Buffett: $2 Million-Plus?
- Warren Buffett: Lady Di Called Bill Clinton 'Sexiest Man Alive'
- CNBC Transcript: Warren Buffett on Squawk Box
- Warren Buffett: We're Buying Two US Stocks
- Warren Buffett to CNBC: Mark Zuckerberg Right to Keep Tight Control Over Facebook
- Warren Buffett: Apple and Google Too Risky For Me
- Warren Buffett Reassures Shareholders on Cancer and Succession
- Warren Buffett Recently Considered $22 Billion Acquisition
- Warren Buffett 'Very Comfortable' With Berkshire Stock Buybacks
RSS FEED
MOST SHARED
- Zero China Growth Is ‘Probable’: Gordon Chang
- Marc Faber: 100% Chance of Global Recession
- Citigroup Lost $20 Million on Facebook IPO Trades
- Greek Exit Could Trigger 50% Fall in Euro Stocks: Analyst
- Senate Summons Dimon to 'Get to the Bottom' of JPM Mess
- Romney Leads Poll Of Small Business Owners
- What College Tuition Will Look Like in 18 Years
- China Growth Risks Signal Need for Fiscal Action
- Bacon Tourism: From the Davos of Bacon to Bacon Mecca
- A New Look at the ‘New Poor’
- Six Pack: Beer Buzz of the Week
- Greek Exit Could Trigger 50% Fall in Euro Stocks: Analyst
- Under Pressure, FHA Skews to Wealthier Home Buyers
- Big Stock Upside for Hudson City Deal: Analyst
- 5 High-Yield Stocks Ready to Boost Dividends
- Yoshikami: Four Things You Need to Know About Gold Now
- Steinbock: The Euro Zone Endgame Begins
- Option Bulls Take Another Shot on Idenix
- Citigroup Lost $20 Million on Facebook IPO Trades
- JPMorgan to Shake Up Risk Team After Big Loss: Report
- Spain to Inject Emergency 19 Billion Euros into Bankia
- EU Set to Launch Action Against China Over Telecom Aid
- JPMorgan to Shake Up Risk Team After Big Loss: Report
- Marc Faber: Chance of Global Recession Is Now 100%
- Week Ahead: Europe Has Wall Street Bull on Short Leash
- Cool Jobs: From Gold Stacker to Bed Tester
- Sticker Shock: What College Is Likely to Cost in 18 Years
Warren Buffett's Berkshire Hathaway Teams With Kuwait in $15B Dow Chemical Deal
Text Size 
Executive Producer
 |
AP |
The Kuwait Investment Authority is also making a $1 billion investment.
In a statement posted on the company's web site, Dow Chairman and CEO Andrew Liveris calls the acquisition a "game-changing" deal for Dow, and added, "We are also thrilled with the investment by Berkshire Hathaway and the Kuwait Investment Authority, which we believe underscores the merits of this transaction, our strategy and the great growth potential resulting from Dow's transformation."
It's part of Dow's strategy to try to insulate itself from the ups and downs of the basic chemical business, which is influenced by economic cycles more than the market for higher-margin specialty chemicals.
That's consistent with Buffett's investment philosophy of putting money into businesses that make and sell products with a "durable competitive advantage" over their rivals.
it's the second financing deal for Buffett this year. Berkshire is putting money into Mars' deal to buy Wrigley.
Real-time stock prices:
Rohm and Haas: [ROH
Loading...
()
]
Dow Chemical: [DOW
Loading...
()
]
Berkshire Class A: [US;BRK.A
Loading...
()
]
Berkshire Class B: [US;BRK.B
Loading...
()
]
See Warren Buffett Watch on CNBC's The Call, most weekday mornings at 11:50a ET
Questions? Comments? Email me at
Data is a real-time snapshot *Data is delayed at least 15 minutes
