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Re: mcmike post# 163864

Thursday, 07/10/2008 7:32:09 AM

Thursday, July 10, 2008 7:32:09 AM

Post# of 376163
ROH!!! bght by DOW Chem @$78 any lucky holders>

Dow Chemical agrees to buy Rohm and Haas
Thursday July 10, 7:19 am ET
Dow Chemical agrees to buy Rohm and Haas for $78 per share, or about $15.29 billion


NEW YORK (AP) -- Dow Chemical says it has agreed to buy specialty chemicals maker Rohm and Haas for $78 per share, or more than $15 billion.
Based on the per-share purchase price and the roughly 196 million shares Rohm and Haas had outstanding as of April 22, the deal would be worth about $15.29 billion.

Dow Chemical Co. values the deal at $18.8 billion including debt.

The per-share price represents a 74 percent premium to Philadelphia-based Rohm and Haas's closing share price of $44.83 on Thursday.

The deal has been approved by both companies' boards. It is pending approval by Rohm and Haas shareholders and regulatory approvals.

Dow Chemical says Warren Buffett's Berkshire Hathaway and the Kuwaiti Investment Authority are investing in the deal.



Your World Is As BIG as You Make It!!!

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