Dow agrees Rohm takeover terms

Published: 10-Mar-2009

Dow Chemical has agreed to complete its problematic takeover of rival Rohm and Haas by restructuring the deal to reduce Dow’s debt. Under the new agreement, Dow will pay Rohm and Haas $63 per share in cash and $15 per share in preferred equity securities to Rohm and Haas’ two largest shareholders.


Dow Chemical has agreed to complete its problematic takeover of rival Rohm and Haas by restructuring the deal to reduce Dow’s debt. Under the new agreement, Dow will pay Rohm and Haas $63 per share in cash and $15 per share in preferred equity securities to Rohm and Haas’ two largest shareholders.

Dow had agreed to buy the smaller company for $15.4bn ($78 per share) in July 2008, before trying to back out of the deal in January.

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