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Last updated 6:14AM ET
February 28, 2021
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Dow Chemical-Rohm and Haas
(2008-07-10)
(wgvu) - Dow Chemical says it has agreed to buy specialty chemicals maker Rohm and Haas for $78 per share, or more than $15
billion.

Based on the per-share purchase price and the roughly 196 million shares Rohm and Haas had outstanding as of April 22, the
deal would be worth about $15.29 billion.

Dow Chemical Co. said Thursday it values the deal at $18.8 billion including debt.

The per-share price represents a 74 percent premium to Philadelphia-based Rohm and Haas' closing share price of $44.83 on
Thursday.

The deal has been approved by both companies' boards. It is
pending approval by Rohm and Haas shareholders and regulatory
approvals.

Midland-based Dow Chemical says Warren Buffett's Berkshire Hathaway and the Kuwaiti Investment Authority are investing in the deal.

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