I stand educated and I actually do remember this but didn't think it was for that much... Thanks DOC... Looks like our baby is still in the canal.... ;)
The Haas family trust and Paulson & Co., will take a $2.5-billion stake in preferred shares issued by Dow. In addition, the Haas family will make an additional investment of $500 million at Dow's option.
Dow will be able to apply those funds toward the acquisition instead of drawing the money down from an existing bridge loan. Dow still plans to draw as much as $10 billion from the loan.