Specialty chemicals maker Rohm and Haas is to be bought by Dow Chemical, the Detroit Free Press reported in July. Dow agreed to the purchase for $78 per share or more than $15 billion.
Based on the per-share purchase price and the almost 200 million shares Rohm
and Haas had outstanding since April, the deal is valued at approximately
Dow Chemical said it values the deal at $18.8 billion including debt. The deal
has been approved by both companies’ boards. It is pending approval by Rohm and
Haas shareholders and regulatory approvals.
Dow to Acquire Rohm and Haas
July 29, 2008