Dow Chemical Co. (DOW) ccompleted its dispute with Rohm & Haas Co. (ROH), agreeing to pay the $78 a share as originally established. Dow Rohm & Haas struck a $15.3 billion merger deal in July 2008.
The legal battle started after Rohm & Haas sued Dow in January after the company stalled on the merger which Dow blamed due to the frozen credit markets. Dow, like other companies in the world faced threatening decline in its business due to the global recession.
Several parties have agreed to help Dow to pay for its purchase of Rohm & Haas including a $3 billion in funding from Berkshire Hathaway and $1 billion from the Kuwait Investment Authority.
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