Ge and Dow Mega-Deal Plans Fire Up the Action ; Mergers
Evening Standard - London › July 10, 2008
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Summary
THE mega-Wall Street takeover deal returned with a vengeance today. Just as investment bankers had all but given up on lucrative merger action on either side of the Atlantic, both General Electric and Dow Chemical declared plans for multibillion-dollar deals, defying the credit crunch.
Dow launched a $15.3 billion ([pounds]7.7 billion) offer for US paints business Rohm and Haas while General Electric said it would sell one of its biggest divisions in a multibillion-dollar demerger. Dow's plan was the most high-profile takeover on Wall Street since Mars took out Wrigley for $23 billion in April.See the full content of this document
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Ge and Dow Mega-Deal Plans Fire Up the Action ; Mergers
As in that deal, Warren Buffett, the...
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