Shearman acts for Dow Chemical on $1.7bn sale
Shearman & Sterling has reprised its role for Dow Chemical, advising the company as it agrees to sell Rohm and Haas unit Morton International to a German agrichemicals company for $1.7bn (£1.14bn). The company will use the sale to help finance its $16.5bn (£11.1bn) buyout of Rohm, which closed last week (2 April) - a deal on which it also turned to Shearman.
April 08, 2009 at 10:43 PM
1 minute read
Shearman & Sterling has reprised its role for Dow Chemical, advising the company as it agrees to sell Rohm and Haas unit Morton International to a German agrichemicals company for $1.7bn (£1.14bn).
The company will use the sale to help finance its $16.5bn (£11.1bn) buyout of Rohm, which closed last week (2 April) – a deal on which it also turned to Shearman.
Shearman M&A co-head George Casey, executive compensation partner Doreen Lilienfeld, tax partner Douglas McFadyen, M&A counsel Daniel Litowitz, environmental counsel Jason Pratt and associate Rory O'Halloran advised Dow on the sale, with the chemicals giant also turning to Baker & McKenzie and Mayer Brown
New York-based Freshfields Bruckhaus Deringer M&A partners Matthew Herman and Julian Pritchard are advising Germany chemical company K+S, which is acquiring Morton Salt. The magic circle firm was one of three firms, along with Wachtell Lipton Rosen & Katz and Canada's Fasken Martineau DuMoulin, that advised Rohm on Dow's acquisition.
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