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October 7, 2008 6:22:44 AM CDT

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Dow Chemical Drops $15.3B on Rohm & Haas

Posted Jul 10, 08 8:46 AM CDT in Business 

(Newser) – In what may be the beginning of a long-anticipated consolidation of the chemical industry, Dow Chemical today said it was buying coatings and electronic-materials company Rohm & Haas in a $15.3 billion all-cash deal, reports the Wall Street Journal. Dow is backed by $3 billion from Warren Buffett's Berkshire Hathaway—the second time in past months that the Oracle of Omaha has assisted in a buyout.

Source Wall Street Journal

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The Dow Chemical Co. facility in Midland, Mich.   (AP Photo/Steven Simpkins)
Andrew Liveris, Dow Chemical's chairman and chief executive officer.   (AP Photo/Mark Lennihan, file)
Dow Chemical   (Getty Images (by Event))
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mergers and acquisitions  • Warren Buffett  • Berkshire Hathaway  • Dow Chemical Co.  • Kuwaiti Investment Authority


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