Futures are popping as Dow Chemical steps in and pays up big for Rohm and Haas (ROH), which makes stuff that they sell by the bucket (specialty chemicals and meterials). The deal is all cash and at a 74 percent premium to where ROH closed yesterday. 74%.
M&A is very good for the stock market sentiment-wise, good for equity supply/demand, good for the financials who advise on the deal, just good. This bid feels bubbly, though. Is this a sign of a peak in basic materials.
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