Dow Chemical Agrees to Buy Rohm & Haas

Dow Chemical Co. agreed on Monday to go through with the purchase of Rohm and Haas Co. The two companies had been set to go to trial over Dow’s refusal to make the deal that they had agreed to many months ago.
Rohm & Haas shareholders will receive $78 per share plus a small ticking fee agreed upon in their original deal. Last summer Dow had agreed to buy Rohm but then balked at closing the takeover after their plastics joint venture ($17.4 billion) fell apart. In January, Rohm sued Dow for not proceeding.
Under the terms of the transaction, the two …read more