{"id":9519,"date":"2008-12-30T00:00:00","date_gmt":"2008-12-30T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"dow-scrambling-to-keep-15-billion-rohm-takeover-alive","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/12\/2008\/dow-scrambling-to-keep-15-billion-rohm-takeover-alive.html","title":{"rendered":"Dow scrambling to keep $15 billion Rohm takeover alive"},"content":{"rendered":"<p>Reuters &#8211; Dow Chemical is scrambling to keep its $15 billion takeover of rival Rohm &amp; Haas alive after a surprise decision by the Kuwaiti government to scrap a <span class=\"yshortcuts\">joint venture<\/span> with Dow, the <span class=\"yshortcuts\">Financial Times<\/span> reported on Tuesday.                         <\/p>\n<p> The Kuwaiti decision deprived the U.S. group of about $9 billion in planned financing which it would have used for the Rohm deal, but unidentified people close to the situation told the FT that Dow could still tap a $13 billion <span class=\"yshortcuts\">bridge loan<\/span> to pay for the takeover.<\/p>\n<p> The sources also said Dow was likely to try to renegotiate the price of the deal to reflect the recent drop in Rohm&#8217;s share price, the newspaper said, adding that both Dow and Rohm declined to comment.<\/p>\n<p> Midland, Michigan-based Dow agreed in July to buy Rohm &amp; Haas for $78 a share to broaden its specialty product offerings. The deal carries a <span class=\"yshortcuts\">termination fee<\/span> of $750 million payable to Rohm &amp; Haas.<\/p>\n<p><strong><a target=\"_blank\" href=\"http:\/\/www.hedgeco.net\/news\/news_land.php?i=http:\/\/us.rd.yahoo.com\/dailynews\/rss\/business\/*http:\/\/news.yahoo.com\/s\/nm\/20081230\/bs_nm\/us_rohm_dow\">Read Complete Article<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Reuters &#8211; Dow Chemical is scrambling to keep its $15 billion takeover of rival Rohm &amp; Haas alive after a surprise decision by the Kuwaiti government to scrap a joint venture with Dow, the Financial Times reported on Tuesday. The [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[2410,4842,4838,4416,4844,3603,4840,4837,4841,4326,4843,4845,4839,886,2566,4846],"class_list":["post-9519","post","type-post","status-publish","format-standard","hentry","category-syndicated","tag-amp","tag-bridge-loan","tag-dow-chemical","tag-financial-times","tag-haas","tag-joint-venture","tag-kuwaiti-government","tag-midland-michigan","tag-product-offerings","tag-reuters","tag-rohm","tag-share-price","tag-surprise-decision","tag-takeover","tag-termination-fee","tag-unidentified-people"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/9519","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=9519"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/9519\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=9519"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=9519"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=9519"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}