in this issue
Regions :: North America :: U.S.
Dow to Buy Rohm and Haas for $18.8 Billion
11:21 AM MDT | July 14, 2008 | Robert Westervelt
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...
This information is only available to Chemical Week subscribers.
Forgot your user ID or password?
Not an IHS Chemical Week member yet?
Here's why you should be:
100% Satisfaction Guarantee