Date:11/07/2008 URL: http://www.thehindu.com/2008/07/11/stories/2008071156211700.htm

Business - Briefly

Dow Chemical to buy Rohm and Haas

DETROIT: Dow Chemical Co. will buy rival chemicals maker Rohm and Haas Co. for more than $15 billion in a deal the chemical giant said on Wednesday was a lynchpin for growth. The $78 per-share deal includes money from a Kuwaiti sovereign wealth fund and Warren Buffett’s Berkshire Hathaway. The acquisition is part of an effort by Dow to move into the specialty chemicals market.