Dow sets plans to move forward with Rohm and Haas deal

03/10/2009 | Bloomberg

Dow Chemical plans to sell about $4 billion in assets and use job cuts and new debt to move ahead with its buyout of specialty chemical company Rohm and Haas. Dow expects the sale of Rohm and Haas' Morton Salt unit to net at least $1.5 billion, and the company will eliminate an additional 3,500 jobs, mostly at Rohm and Haas, and issue $4.3 billion in debt to accomplish the buyout.

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