Friday, March 06, 2009

Dow and Rohm & Haas - The Saga continues

Marketplace is now reporting that the two parties are talking after all about still trying to close the deal. Given how Dow's chart is remarkably similar to that of another Michagan-based, industrial giant, and so different from Rohm and Haas's, I can't imagine that Dow is paying for it with any stock without convincing R & H that it is seriously undervalued and will be a "sure thing" to rise a lot in the future. They certainly don't have the cash or they never would have been in this mess in the first place (as previously discussed here and here and here).

Maybe they are hoping to become "too big to fail"?

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