Merger of Rohm & Haas, Dow Chemical set to close in early 2009

By Lisa Kerner

Charlotte, N.C., Oct. 29 - Rohm & Haas Co. said a majority of its stockholders voted in favor of the company's proposed merger with Dow Chemical Co.

The merger is expected to close in early 2009, a Rohm & Haas news release said.

Following the merger, Rohm & Haas will retain its name and headquarters location in Philadelphia.

Dow Chemical, a diversified chemical company based in Midland, Mich., agreed in July to acquire the specialty materials company for $78 per share in cash, or approximately $15.2 billion.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.