Monday, March 9, 2009

Dow buys Rohm & Haas for $78

Financing comes from Berkshire, Kuwait, a credit line, and a preferred investment in Dow Chemical from the Haas family and Paulson & Co.

An extremely surprising outcome in today's environment. ROH shareholders got what the original merger agreement promised.

It almost seems as though the deal was done at the price to instill confidence in the markets!

Maybe someone learned from the original $2 takeunder of Bear Stearns!

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