Finance / United States
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Dow Chemical's US$18bn Acquisition Of Rohm & Haas
July 2008 | In The NewsSorry, you must be a subscriber to view this article in full. If you are a subscriber please login.
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The second largest chemicals company in the world, Michigan-based Dow Chemicals announced on July 10 that they will acquire Pittsburgh-based rival firm Rohm and Haas Co for US$15.3bn, in one of the biggest deals of the year. The company looks to be making good on their declared aim of becoming 'the largest, most profitable…chemical company in the world', as the deal will significantly broaden its product offerings in the higher margin specialty chemical markets, and reduce its exposure to industry downturns. The all-cash deal for US$78 per share, along with the assumption by Dow of Rohm & Haas' debt of