Dow would owe $750m to kill Rohm and Haas deal

14 July 2008 22:32  [Source: ICIS news]

HOUSTON (ICIS news)--US producer Dow Chemical would owe Rohm and Haas a $750m (€473m) termination fee if it abandoned its $18.8bn deal to buy the specialty-chemical firm, according a government filing made on Monday.

Likewise, Rohm and Haas would owe Dow a $600m termination fee, the filing said.

Dow's offer comes to $78/share.

($1 = €0.63)

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By: Al Greenwood
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