DOW got crushed for buying ROH but now DOW is showing
it had a plan when it bought ROH, one day after DOW completes ROH buyout it sells Morton Salt.
Dow sells salt seller Morton International Philadelphia Business Journal
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The same day Dow Chemical Co. closed on its acquisition of Rohm and Haas Co., the company made a pact to sell one of Rohm’s more successful businesses, salt-seller Morton International Inc., to K+S Aktiengesellschaft.
Midland, Mich.-based Dow (NYSE: DOW) said late Wednesday it agreed to sell the stock of Morton International Germany-based K+S for $1.67 billion.
Dow, which has made Philadelphia-based Rohm and Haas a subsidiary of the company, will use the funds to pay down debt.