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Dow Chemical to buy Rohm and Haas

DETROIT: Dow Chemical Co. will buy rival chemicals maker Rohm and Haas Co. for more than $15 billion in a deal the chemical giant said on Wednesday was a lynchpin for growth. The $78 per-share deal includes money from a Kuwaiti sovereign wealth fund and Warren Buffett’s Berkshire Hathaway. The acquisition is part of an effort by Dow to move into the specialty chemicals market.

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