Tuesday, January 06, 2009

Dow Chemical seems close to completion of acquisition of Rohm & Haas

Dow Chemical Co. seems close to complete the acquisition of Rahm & Haas for US$15.3 bln before Tuesday's opening bell. The US$78/share purchase price increases daily if the deal does not close by thiss Saturday (amounting to an additional US$3 mln/day) - acted as an incentive for Dow to close the deal by the weekend.

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