Dow in $18.8 Billion Acquisition of Rohm and Haas

September 24, 2008

Cleary Gottlieb is advising The Dow Chemical Company on worldwide antitrust matters in connection with its acquisition of Rohm and Haas Company.  As announced on July 10, Dow will acquire Rohm and Haas for $18.8 billion, including $3.5 billion in assumed debt.  The transaction is subject to regulatory clearances in the United States, the EU, and other jurisdictions.  Cleary Gottlieb is responsible for the regulatory filings in the United States and EU, and for coordinating the necessary filings in other jurisdictions.

Dow is a diversified chemical company with $54 billion in sales annually, supplying about 160 countries with numerous products and services, including food, pharmaceuticals, paints, packaging and personal care products.  With approximately $9 billion in sales annually, Rohm and Haas supplies specialty chemicals and materials to many industries, including building and construction, electronics and electronic devices, household goods and personal care, packaging and paper, transportation, pharmaceutical and medical, water, and food.