Finally. It has been a roller-coaster ride for all the shareholders, me include, but Dow and Rohm and Haas have settled their dispute over Dow’s acquisition of Rohm. Just look at the chart to see how much fun I’ve had these past few months.
I purchased ROH several months ago at $63 and have endured some thrilling declines, but I held on with the conviction that things would be settled favorably in or out of court. I figured there were three possible outcomes: (1) the worst possible scenario would be that the deal would fall through; (2) the most likely scenario would be a modification of the deal in which DOW would pay a slightly lower price for ROH; and (3) the best possible scenario would be DOW paying the original price for ROH.
Well, DOW and ROH settled their dispute out of court. And the best part? DOW is purchasing ROH for the full price of $78 per share.
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