A Jewel in the Crown

Dow Chemical’s quick strike to acquire Rohm and Haas (R&H) for $18.8 billion demonstrates that attractive assets can still draw strong prices even in turbulent times. The appeal of R&H’s portfolio outweighed concerns about the near-term economic or industry outlook. Dow approached R&H with a formal bid in mid-June, prompting R&H to launch an auction that drew bids from BASF and Dow (p. 7). Dow is paying a hefty 74% premium to R&H’s closing share price on July 9, reflecting its importance to Dow. “Rohm and Haas shares...

This information is only available to Chemical Week subscribers.

Forgot your user ID or password?
Click here to have it sent to you.

Email Address First Name Last Name

Not an IHS Chemical Week 24/7 member yet? Here's why you should be: Searchable online archive access of the last 2 years of Chemical Week. Print or digital magazine subscription Price and market change alerts Economic data and statistics Buyers' Guides Webcasts | whitepapers