New York, July 10, 2008—Shearman & Sterling represented Dow Chemical Company in its definitive agreement to acquire Rohm & Haas, a deal valued at $18.8 billion.

With annual sales of $54 billion and 46,000 employees worldwide, Dow is a diversified chemical company that delivers a broad range of products and services to customers in around 160 countries, connecting chemistry and innovation with the principles of sustainability to help provide everything from fresh water, food and pharmaceuticals to paints, packaging and personal care products. Rohm & Haas, based in Philadelphia, is the world's largest producer of acrylic paint ingredients and also makes chemicals used in adhesives, packaging materials and personal-care products.

The principal Shearman & Sterling attorneys in the transaction are New York-based Mergers & Acquisitions partners John A. Marzulli Jr. and Scott D. Petepiece and M&A associates Daniel Litowitz, Andrew Noreuil, Elena Rubinov, Joseph Rabinowicz, Alexandros Aldous and Justin Mak. Partner Joel Klaperman (Capital Markets, New York) and associate Tim Andison (Capital Markets, New York/Toronto) advised on the equity financing from Berkshire Hathaway and the Kuwait Investment Authority, while partner Ronald Bayer (Finance, New York) and counsel Chris Poggi (Finance, New York) advised on the debt financing. Additional Shearman & Sterling attorneys include partners Doreen Lilienfeld (Executive Compensation & Employee Benefits, New York) and Laurence Bambino (Tax, New York), counsel Daniel Glazer (Intellectual Property, New York) and Jason Pratt (Property-Environmental, New York), and associates Adam Kaminsky (Executive Compensation & Employee Benefits, New York), Douglas Jones (Tax, New York), Gloria Jung (Intellectual Property, New York), and Gregory Milne (Property, New York).

For additional information contact:
Ron Brandsdorfer | New York | T +1.212.848.5081 |