Becky Quick Discusses Rohm And Haas Buyout With Andrew Liveris

by Heather

Becky Quick of CNBC recently talked with Andrew Liveris about Dow Chemical (NYSE:DOW) taking over Rohm and Haas (NYSE:ROH) and how seasoned investor Warren Buffett felt about the acquisition.

Dow Chemical is paying $15.3 billion dollars to acquire their competitor, a move they’re hoping will fuel their growth making specialty chemicals.

Dow offered $78.00 per share and will assume company debt that could boost the transaction to $18.8 billion dollars when all is said and done.

Rohm and Haas makes a number of raw materials including plastics additives, building materials, paints and coatings. They own Morton Salt. The company employs more than 15,000 global employees and had $8.9 billion in sales in 2007.