Dow Chemical seems close to completion of acquisition of Rohm & Haas

06-Jan-09
Dow Chemical Co. seems close to complete the acquisition of Rahm & Haas for US$15.3 bln before Tuesday's opening bell. The US$78/share purchase price increases daily if the deal does not close by this Saturday (amounting to an additional US$3 mln/day) - acted as an incentive for Dow to close the deal by the weekend. To pay for Rohm & Haas, Dow had secured a US$14 bln bridge loan and about US$4 bln from investors. It had hoped to use about half of the bridge loan before the Kuwait deal fell apart. Though expectations were abound of Dow trying to renegotiate the terms with Rohm & Haas following the collapse of the Kuwait deal, it did not happen.
  More News  Post Your Comment
{{comment.Name}} made a post.
{{comment.DateTimeStampDisplay}}

{{comment.Comments}}

COMMENTS

0

There are no comments to display. Be the first one to comment!

*

Name Required.

*

Email Id Required.

Email Id Not Valid.

*

Mobile Required.

Email ID and Mobile Number are kept private and will not be shown publicly.
*

Message Required.

Click to Change image  Refresh Captcha