Dow Seeks $1.26B From Clariant Over EU Ethylene Purchasing Cartel
DOW sits 47% above its 52-week low of $20.402.
Summary
Dow's European business filed a lawsuit seeking €1.1 billion ($1.26 billion) in damages from Clariant, alleging infringement of EU competition law on ethylene purchasing. Clariant disclosed the claim and rejected it, stating it will defend itself. This is a new legal front — Clariant already faces similar suits from BP, ExxonMobil, and LyondellBasell totaling around €1.6 billion. For Dow, a $1.26 billion potential recovery is material, representing roughly 6% of its market cap, though litigation outcomes are uncertain and likely years away. The news adds to a mixed year for Dow, which reported a wider Q1 net loss but beat revenue estimates.
At the time of this announcement, DOW was trading at $29.92 on NYSE in the Manufacturing sector, with a market capitalization of approximately $21.6B. The 52-week trading range was $20.40 to $42.74. This news item was assessed with negative market sentiment and an importance score of 8 out of 10. Source: Dow Jones Newswires.