Dow Chemical to Acquire Rohm and Haas

Chemical suppliers The Dow Chemical Co. (Midland, Mich.) and Rohm and Haas (Philadelphia, Pa.) have signed a definitive agreement under which Dow will acquire all outstanding shares of Rohm and Haas common stock for $78 (USD) per share in cash. Rohm and Haas is expected to retain its name and headquarters in Philade

Chemical suppliers The Dow Chemical Co. (Midland, Mich.) and Rohm and Haas (Philadelphia, Pa.) have signed a definitive agreement under which Dow will acquire all outstanding shares of Rohm and Haas common stock for $78 (USD) per share in cash. Rohm and Haas is expected to retain its name and headquarters in Philadelphia.

This acquisition follows the December 2007 announcement of a Dow joint venture with Petrochemical Industries Company of the State of Kuwait (PIC). With these deals, performance products and advanced materials will represent 69 percent of Dow's total sales, on a 2007 pro forma basis, compared with 51 percent prior to these transactions.