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Biggest deal in Dow Chemical's history
July 10, 2008
By: TOM BRANNA
Editor
Dow Chemical Co., the biggest U.S. chemical maker, 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. Rohm & Haas investors will receive $78 in cash for each share they hold, Midland, MI-based Dow Chemical said today in a statement. The price is 74 percent higher than Rohm & Haas’s closing price yesterday. Financing for the deal includes equity investments of...
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