navyvet, it may not be Dow that is wanting to buy out EESO,
because they bought out Rohm and Haas last year.
Rohm and Haas to be bought by Dow Chemical for $78 a share
By Steve Gelsi
Last update: 7:10 a.m. EDT July 10, 2008Comments: 4
NEW YORK (MarketWatch) -- Rohm and Haas Co. (ROH:
, , ) said Thursday it inked a deal to be bought by The Dow Chemical Co. (DOW:12.47, +0.29, +2.4%) for $78 a share, a premium of $33.17, or 74% over its closing price of $44.83 a share in the previous session. The merger values the Philadelphia-based specialty materials industrial firm at about $15.3 billion. The transaction was unanimously approved by the boards of directors of both companies. The merger remains subject to approval by the shareholders of Rohm and Haas, as well as regulatory approvals. Haas family trusts, which collectively control approximately 33% of Rohm and Haas outstanding stock, have indicated their support of the agreement.