Buffet, Kuwait fund Dow's $15B/$78-share bid for Rohm & Haas
Rohm & Haas, Philadelphia's last big industrial company, agreed to be bought by Dow Chemical for record $78/share. Warren Buffet's Berkshire Hathaway and Kuwait government will help fund deal. Haas family's condition: Rohm HQ stays on Independence Mall.
Rohm & Haas, Philadelphia's last big industrial company, has agreed to be acquired by Dow Chemical. What happens to its Independence Mall headquarters, its 3,100 local jobs, philanthropies, plants in Bridesburg and Montgomery County and Delaware? Inquirer story
» READ MORE: here
. Rohm statement
» READ MORE: here
.
UPDATE: Billionaire Warren Buffet and the Kuwaiti government help Dow buy Rohm & Haas. Dow promises to keep HQ in Philadelphia, put some Dow units under Rohm & Haas control. Bloomberg story
» READ MORE: here
.