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DOW INC

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DOW INC. : Other Events, Financial Statements and Exhibits (form 8-K)

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09/23/2019 | 07:33am EST

Item 8.01 Other Events.

On September 23, 2019, Dow Inc. ("Dow" or the "Company") issued a press release announcing the Court of the Queen's Bench in Alberta, Canada, has signed a judgment ordering Nova Chemicals Corporation to pay certain Dow subsidiaries CAD $1.43 billion (equivalent to approximately USD $1.08 billion) on October 11, 2019, for damages Dow incurred through 2012 related to the companies' jointly-owned ethylene asset in Joffre, Alberta, Canada.

The judgment is subject to appeal. Dow expects to record an accounting gain related to a portion of this judgment in the third quarter of 2019, which the Company expects to treat as a significant non-recurring item when calculating non-GAAP financial measures, including operating earnings per share.

A copy of the press release is filed as Exhibit 99.1 to this report and is incorporated herein by reference.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits. The exhibit listed on the Exhibit Index is incorporated herein by

    reference.




Exhibit No.       Exhibit Description

   99.1             Press release issued by Dow Inc. on September 23, 2019,
                  announcing the signed judgment.

--------------------------------------------------------------------------------

© Edgar Online, source Glimpses

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