Rohm and Haas Approached Potential Acquirers in June

Rohm and Haas (R&H) approached three companies in early June to gauge their interest in acquiring the company, a move that eventually resulted in Dow Chemical’s July 10 agreement to acquire R&H for $18.8 billion, or $78/share, according to regulatory filings. Dow’s bid bested a $75/share offer from another chemical maker thought to be BASF. The catalyst for the sale was the surprise move late last year by the Haas family trusts, which control 32% of R&H shares, to seek the sale of its stake....

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