Dow to Buy Rohm and Haas for $18.8 Billion

Dow Chemical has agreed to buy Rohm and Haas (R&H) for $18.8 billion, a deal that Dow says marks “a defining step in our transformational strategy.” Dow will pay $78/share, a 74% premium to R&H’s closing share price on July 9. The deal is expected to close by early 2009, Dow says. Liveris: A ‘game-changing’ deal. Dow approached R&H with a bid in mid-June, prompting R&H to launch an auction process that ended with a signed deal in just three weeks. Other bidders included BASF, sources say. “The addition of...

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