ERJ staff report (TB)
Philadelhpia, Pennsylvania Rohm and Haas Co.'s shareholders have approved the acquisition of the specialy chemical and materials company by Dow Chemical Co.
A majority of the Rohm and Haas holders of 195 million shares voted in favor of the deal, which will give them $78 in cash per share, the company said.
The deal is expected to close early next year, pending regulatory approval. Rohm and Haas will retain its name and headquarters in Philadelphia.
From Rubber & Plastics News (A Crain publication)
Press release from Rohm & Haas