09 March 2009 20:34 [Source: ICIS news]
The settlement matches Dow's initial offer for the company. However, Dow restructured the composition of the deal.
Under the terms, Dow will pay $63/share in cash and $15/share in preferred equity securities, the company said. Dow has a 1 April deadline to close the deal.
The two largest shareholders of Rohm and Haas will also buy $2.5bn of equity issued by Dow. In addition, the Haas Family Trusts has agreed to make an investment in an additional $500m of Dow's equity.
($1 = €0.79)
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