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Categories: Food Ingredients News | Mergers and Acquisitions

Dow Committed to Closing Rohm & Haas Buy

Source: Reuters
08/12/2008

New York, Dec 8 - Dow Chemical Co said on Monday it considered altering the structure of its bid for specialty chemicals maker Rohm & Haas and was committed to completing the acquisition.

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"Rest assured we've looked at every possible exchange. At the same time, we're committed to closing the deal," Chairman and Chief Executive Officer Andrew Liveris said on a conference call in response to a question from an analyst.

The company also said it would take an estimated $700 million in pretax charges, or 50 to 60 cents per share, in the fourth quarter to implement the job cuts and operational reductions announced earlier on Monday.



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