In Brief - America
- From: Vol 9, Issue 7 (July 2008)
- Category: Brief
- Region: Americas
- Country: Chile
- Related Companies: Berkshire Hathaway , Ashland, Cascal, Credit Suisse, Dow Chemicals, General Electric (GE), H2O Innovation, Hercules Inc, Itasca Systems Inc. , Kuwait Investment Authority , Pentair, Rohm and Haas, Schiavone Construction Company and Transparency International
* Dow Chemical is to acquire Rohm and Haas to create the world’s leading specialty chemicals and advanced materials company.
Financing for the USD18.8 billion transaction includes equity investments by Berkshire Hathaway and the Kuwait Investment Authority in the form of convertible preferred securities for USD3 billion and USD1 billion, respectively. Dow has annual sales of USD54 billion, while the turnover of Rohm and Haas in 2007 was approximately USD8.9 billion.
* Meanwhile, Ashland Inc. is to acquire Hercules ...
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