NEW YORK - Dow Chemical Co. said Wednesday it will close three Louisiana plants as part of a shift away from basic chemicals toward the lucrative business of specialty chemicals. The shuttering comes as part of a massive plan to cut costs after Dow bought rival Rohm & Haas in April for more than $16 billion, a deal that added massive amounts of debt to its balance sheet. Dow expects to take a $700 million second-quarter charge as part of Wednesday's announcement, but expects to cut costs by...
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