Dow Chemical will acquire Rohm and Haas for $15.3 billion and will make Dow the world's leading specialty chemicals and materials company

Financing for the acquisition includes an equity investment by Berkshire Hathaway and the Kuwait Investment Authority in the form of convertible preferred securities for $3 billion and $1 billion, respectively.

With annual sales of $54 billion and 46,000 employees worldwide, Dow is a diversified chemical company that sells products into the electronics and other markets. Based in Philadelphia, Rohm and Haas generated annual sales of approximately $8.9 billion in 2007.

By: DocMemory
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