WILMINGTON, Del. (April 14)—Dow Chemical Co. and DuPont Co. are reviewing the business prospects for their DuPont Dow Elastomers L.L.C. joint venture, with dissolving the venture and splitting the assets one possible scenario.
In connection with DuPont Dow Elastomers' involvement in a price-fixing investigation, Dow recently disclosed it has negotiated an option with DuPont Co. to acquire certain DuPont Dow Elastomer assets related to ethylene and chlorinated elastomers.
The companies described the transaction as "cashless" to Dow. Should Dow exercise this option, they said, DuPont agrees to buy Dow's remaining equity interest in DuPont Dow Elastomers.
The companies disclosed the agreement in connection with their deciding to assign DuPont the lead responsibility for dealing with DuPont Dow's involvement in antitrust investigations and price-fixing litigation.