USA The chemical multinationals Dow Chemical and Rohm & Haas reached an agreement to avoid passing through the courts and for which the former will pay about US $ 15,000 million to take over the second, as they had agreed last July, reported the EFE agency.Both U.S. companies reported that they decided to maintain the purchase price they announced last year and that established the payment of US $ 78 per share.
Rohm & Hass' two largest shareholders — the Haas family and paulson investment fund — will buy $2.5 billion in Dow Chemical stock, while the Hass family fund will invest another $500 million in options.
With these modifications, agreed shortly before the deadline set by a Delaware judge at the request of Rohm & Hass, it is intended to facilitate the financing of the operation by the firm based in Midland (Michigan) and put an end to the legal dispute.
Rohm & Haas sued Dow Chemical because at the beginning of the year the latter had not closed the purchase agreement announced months earlier, since it unilaterally suspended it due to the economic crisis and claiming that it was not the time to undertake an acquisition of such magnitude.
