{"id":9819,"date":"2009-02-06T00:00:00","date_gmt":"2009-02-06T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"paulson-hedge-fund-asks-dow-to-close-rohm-haas-deal","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/02\/2009\/paulson-hedge-fund-asks-dow-to-close-rohm-haas-deal.html","title":{"rendered":"Paulson Hedge Fund Asks Dow to Close Rohm &#038; Haas Deal"},"content":{"rendered":"<p>Bloomberg &#8211; Paulson &amp; Co., the hedge fund run by billionaire John Paulson, urged Dow Chemical Co. to slash its dividend, sell new stock and issue bonds to pay for the stalled $15.4 billion takeover of Rohm &amp; Haas Co. <\/p>\n<p>Dow should tap its committed $13 billion bridge loan and $4 billion of equity financing to complete the deal, which was supposed to close Jan. 27, Paulson said today in a statement. Dow could then repay the bridge financing with $4 billion of new equity and $5 billion of new bonds. Paulson, which manages $29 billion, is Rohm &amp; Haas&rsquo;s second-largest shareholder. <\/p>\n<p><a href=\"http:\/\/www.hedgeco.net\/news\/news_land.php?i=http:\/\/www.bloomberg.com\/apps\/news?pid=20601103&#038;sid=a6Ka95sYULHM&#038;refer=us\" target=\"_blank\"><strong>Read Complete Article<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bloomberg &#8211; Paulson &amp; Co., the hedge fund run by billionaire John Paulson, urged Dow Chemical Co. to slash its dividend, sell new stock and issue bonds to pay for the stalled $15.4 billion takeover of Rohm &amp; Haas Co. [&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":[2410,608,64,4842,1672,4838,7106,7108,4844,7107,4682,4843,1099,336,886],"class_list":["post-9819","post","type-post","status-publish","format-standard","hentry","category-syndicated","tag-amp","tag-billionaire","tag-bloomberg","tag-bridge-loan","tag-dividend","tag-dow-chemical","tag-dow-chemical-co","tag-equity-financing","tag-haas","tag-issue-bonds","tag-john-paulson","tag-rohm","tag-shareholder","tag-stock","tag-takeover"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/9819","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=9819"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/9819\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=9819"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=9819"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=9819"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}