Rohm & Haas sold to Dow Chemical for US$16.5 billion

On April 1, 2009, The Dow Chemical Company (NYSE: DOW) announced that it had completed its acquisition of Rohm & Haas Co. (NYSE: ROH), creating a major global specialty chemicals and materials company. Combining the two organizations' best-in-class technologies, broad geographic reach and strong market channels will create a $14 billion diversified business portfolio, which will be called Dow's Advanced Materials division. The division is intended to achieve $3 billion in additional value growth opportunities, as well as annual cost synergies of $1.3 billion. Fasken Martineau provided advice on Canadian regulatory law to Rohm & Haas with a team led by Douglas New and that included Huy Do and Mark Magro.