Dow Chemical buys Rohm and Haas
Dow Chemical has signed a definitive agreement with Rohm and Haas under which Dow will acquire all outstanding shares of Rohm and Haas common stock for $78 per share in cash. The acquisition of will make Dow the world’s leading specialty chemicals and advanced materials company, combining the two organisations’ technologies, geographic reach and industry channels.
Dow chairman and CEO, Andrew Liveris, said: “The acquisition of Rohm and Haas is a defining step in our transformational strategy to shape the ‘Dow of Tomorrow’ – a high value, diversified chemicals and materials company, creating the largest specialty chemicals company in the United States with a leading global position in performance products and advanced materials.”
Rohm and Haas chairman and CEO, Raj Gupta, said: “We believe that by becoming a part of Dow, we secure a brighter future and greater growth prospects for our employees, consistent with the vision of our founders to remain a high-quality supplier of innovative technology and solutions.”
