Follow us twitter facebook
Edition: Global
Click here to subscribe toour free weekly newsletter click here
Industry buzz

Dow and Rohm and Haas find agreement to close acquisition

Dow Chemical and Rohm and Haas say that they have reached an agreement to close Dow’s previously announced acquisition of Rohm and Haas on April 1, 2009.

This agreement resolves the litigation initiated by Rohm and Haas against Dow on January 26, 2009 when Dow said it would not be able to meet the initial deadline to complete proposed acquisition.

Rohm & Haas’s two largest shareholders, the Haas Family Trust and Paulson and Co., have agreed to buy US$ 2.5 billion of equity in Dow and an additional US$ 500 million if Dow needs it to mitigate its debt load.

All the other shareholders will receive US$ 78 per share, the same price that was agreed in July. “The restructuring of the terms of the transaction allows Dow to maintain financial flexibility”, said Andrew N. Liveris, Dow Chairman and CEO.

See online : www.dow.com
© 2009 - Premium Beauty News - www.premiumbeautynews.com
latest news
Focus
spip-vignette

A new trade show dedicated to clean beauty in London

Dubbed Clean Beauty in London the new trade show intends to gather experts, scientists, suppliers, brands, influencers and journalists under one roof “to build the future of clean beauty.” Taking place on October 12 & 13, 2020 at The Brewery, located at 52 Chiswell Street at the heart of London, the event aims to encourage (...)

read more
job opportunities
Experts’ views
The rise of indie French Touch - Three favorites from the “Made in France” Exhibition

Cosmetics Inspiration & Creation
The rise of indie French Touch - Three favorites from the “Made in France” Exhibition

Who said “Indie” only came from the US? French Beauty brands are blooming with a renewed creativity, disrupting the indie game with the French savoir-faire. Beauty trends and marketing firm Inspiration & Creation has selected their three favorites from the last edition of the ‘Made in France’ show. Vive la Révolution! American indie (...)

read more

Features

We use cookies to give you a better browsing experience. By continuing your visit to this site, you accept the use of cookies. Read more and set cookies
close