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.

Logo: Courtesy of Dow

Under the terms of the transaction, the two biggest shareholders (Haas Family Trusts and Paulson & Co.) will take $2.5 billion of the money owed to them in preferred equity. Additionally, another $500 million will be paid to Haas trusts.

Source: Wire Reports

Post from: EveryJoe

Dow Chemical Agrees to Buy Rohm & Haas