Dow Chemical capitulates and agrees to buy Rohm & Haas

After weeks of bitter legal jousting, Dow Chemical Co. capitulated in its dispute with Rohm & Haas Co., agreeing to pay the original $78 a share price plus penalties established when the companies struck a merger deal last July.

But as part of a last-minute settlement before the dispute went to trial, Rohm & Haas's two major shareholders agreed to invest as much as $3bn in the combined chemical company.

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