Dow Rohm and Haas Impasse Sorted Out

March 23, 2009 | By S. Chidamabar

The stand-off between Dow Chemicals and Rohm & Haas over their merger (buyout) agreement has finally been settled. The latter had filed legal action against Dow for failing to go through with their 2008 US$ 15.3 billion buyout agreement. (See our Jan-Feb 2009 issue and our report dated January 30 on our website for details.) The trial was scheduled to commence on March 09 but the companies were able to arrive at an out-of-court settlement and a new agreement on the terms of the buyout.
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