Rohm and Haas Reaches Accord to be Acquired by The Dow Chemical

PHILADELPHIA, PA—Rohm and Haas Company announced it has entered into an agreement with The Dow Chemical Company, under which Dow will acquire all of the outstanding shares of Rohm and Haas common stock for $78.00 per share in cash. The agreement provides Rohm and Haas Company will retain its Philadelphia headquarters location and continue to do business under the Rohm and Haas name. Additionally, Dow will contribute a number of specialty chemicals business segments to the Rohm and Haas portfolio, which have greater synergy with the Philadelphia company’s established strengths. Commenting on the announcement, Raj L. Gupta, Rohm and Haas Chairman and Chief Executive Officer, remarked, “I have relentlessly talked to our employees, customers, and stockholders about the imperative to seek opportunities for transformative change. In its 100-year history, Rohm and Haas has constantly reinvented itself, and this agreement offers outstanding potential to do the same yet again.” Andrew N. Liveris, Chairman and Chief Executive Officer of Dow, said, “Rohm and Haas will bring to Dow its recognized world-class core strengths in coatings and electronic materials, and a strong market-facing culture. This acquisition is the definitive step in our company’s strategy to shape The Dow of Tomorrow.” Dow will contribute complementary businesses to Rohm and Haas Company in areas such as coatings, biocides, and personal care products. As a result, annual revenue of Rohm and Haas will be
approximately $13 billion. Rohm and Haas supplies specialty chemicals to the supply chain for both electrostatic and electrolytic capacitor designs.