Barron's Article Says Dow (DOW) Overpaid for Rohm & Hass, But Sees Positives From Deal
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Barron's article makes comments on Dow Chemical's (NYSE: DOW) recent acquisition announcement. The author feels DOW may have overpaid for Rohm & Haas and shareholders might have felt the same, since shares of DOW fell approx. 7% on the news. Also, shares of DOW are down about 40% over the past few year.
The Barron's article also cites a few brokerage analysts, one feels DOW overpaid and a stock buyback would have been better. Another analyst thinks the deal now makes DuPont (NYSE: DD) the more attractive stock in the chemical sector, and may be worth $60 per share.
However, Barron's also highlighted the positives of the deal, saying DOW reduced its sensitivity of the company's business mix and boosted earnings.
The Dow Chemical Company (Dow) is a diversified chemical company that offers a range of chemical, plastic and agricultural products and services. [SM]
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