Dow Files 8K in Morton Salt Sale

Dow Chemical

Dow Chemical (NYSE:DOW) filed its 8K regarding tis agreement to sell its recently acquired Morton Salt division.

Morton had annual sales last year of $1.2bn and earnings before interest, tax, depreciation and amortization (EBITDA) of $270m meaning Dow received 6.2 times EBITDA for the asset, a very good price especially in the current environment.

Dow 8-K 4/7/2009

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