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Dow Chemical To Acquire Rohm & Haas for $18.8B

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By: TOM BRANNA

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Dow Chemical Company agreed to buy Rohm & Haas Co. for about $18.8 billion, reducing its dependence on petroleum-based commodity chemicals and increasing sales of more profitable products. Financing for the deal includes equity investments of $3 billion by Berkshire Hathaway Inc. and $1 billion by the Kuwait Investment Authority, the company said. Chief Executive Officer Andrew Liveris has said he has been seeking a large acquisition that would reduce Dow’s dependence on swings in the pe...

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