Dow Chemical agreed Monday to complete its contentious take-over of Rohm and Haas, avoiding a potentially messy legal battle by restructuring the deal to reduce Dow’s debt. Dow agreed in July to buy its smaller chemicals rival for $78 per share, or $15.4bn in cash, before attempting to abandon the deal in January. The new agreement calls for Dow to pay for Rohm and Haas with a combination of cash and preferred equity securities.

This entry was posted by Gwen Robinson on Tuesday, March 10th, 2009 at 5:03 and is filed under Capital markets, M&A. Tagged with dow chemical, Rohm and Haas. Edit this entry.