PHILADELPHIA (Oct. 29, 2008) – Rohm and Haas Co.'s shareholders have approved the acquisition of the specialy chemical and materials company by Dow Chemical Co.
A majority of the Rohm and Haas holders of 195 million shares voted in favor of the deal, which will give them $78 in cash per share, the company said.
The deal is expected to close early next year, pending regulatory approval. Rohm and Haas will retain its name and headquarters in Philadelphia.