It looks like Dow Chemical will not be able to complete its purchase of Rohm & Haas on time (if ever).
Dow Chemical is now trying to back out of the deal due to “unacceptable uncertainties on the funding and economics of the combined enterprise.”
What they’re really trying to say is that the swift decline in commodities prices has made ROH a less attractive purchase, particularly given what’s happened to share prices and credit conditions since the deal was initially announced.
To make matters more complicated, Dow’s CEO Andrew Liveris said this morning that a dividend cut is another “one of the things we would strongly look at.”
That would be a heck of a move considering that Dow has paid a dividend every year since 1912 without one single decrease!
Learn more about investing in dividends and dividend cuts.
To your dividend investing success,
InvestingInDividends.com
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