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Mergers & Acquisitions


The Dow Chemical Company - Dow and Rohm and Haas Announce Settlement to Close Acquisition

  2009 MAR 25 - (VerticalNews.com) -- The Dow Chemical Company (NYSE:DOW) and Rohm and Haas Company (NYSE:ROH) announced that the companies have reached an agreement to close Dow's previously announced acquisition of Rohm and Haas on April 1, 2009. Today's agreement resolves the litigation initiated by Rohm and Haas against Dow on January 26, 2009 with a resolution that is beneficial for each party.

  The settlement agreement involves a new substantial equity investment in Dow of $2.5 billion and at Dow's option an additional $500 million of equity, at the closing of the merger by the two largest shareholders of Rohm and Haas, one of which is the Haas Family Trusts. The other shareholders will receive the original cash consideration at the closing ...read more


The Dow Chemical Company - Dow Chemical Files Response in Rohm and Haas Litigation

  2009 FEB 18 - (VerticalNews.com) -- The Dow Chemical Company (NYSE:DOW) today filed its Answer in the Delaware Court of Chancery to the litigation initiated on January 26, 2009 by Rohm and Haas Company related to the proposed merger between the two companies.

  Dow's response includes the Company's comprehensive position on the circumstances that have led to the current delay in completion of the merger with Rohm and Haas ...read more


The Dow Chemical Company - Dow Chemical Confirms Rohm and Haas Acquisition Will Not Close On or Before January 27, 2009

  2009 FEB 11 - (VerticalNews.com) -- The Dow Chemical Company (NYSE:DOW) confirms it has informed Rohm and Haas that Dow will not close the proposed acquisition on or before January 27, 2009.

  Dow has determined that recent material developments have created unacceptable uncertainties on the funding and economics of the combined enterprise. This assessment is based on several macro-economic factors such as the continued crisis in global financial and credit markets combined with the dramatic and stunning failure of Petrochemicals Industries Company of Kuwait (PIC) to fulfill its obligation to complete the formation of the K-Dow joint venture in late December 2008 ...read more


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