April 24, 2014 1:37 AM ET

Chemicals

Company Overview of Rohm and Haas Company

Company Overview

Rohm and Haas Company manufactures and markets chemicals. The company offers leather bate, chemicals for the manufacture of printed circuit boards, acrylic sheets, agricultural chemicals, and acrylic latex paints; and water softeners for industrial, commercial, and scientific water-purification uses. The company sells its products in the United States and internationally. The company was founded in 1917 and is based in Philadelphia, Pennsylvania with offices worldwide. As of April 1, 2009, Rohm and Haas Company operates as a subsidiary of The Dow Chemical Company.

100 Independence Mall West

Philadelphia, PA 19106

United States

Founded in 1917

15,490 Employees

Phone:

215-592-3000

Fax:

215-592-3377

Key Executives for Rohm and Haas Company

Chief Financial Officer
Age: 59
Vice President
Age: 70
Vice President
Group Vice President of Packaging & Building Materials Business
Age: 55
Vice President
Age: 57
Compensation as of Fiscal Year 2013.

Rohm and Haas Company Key Developments

The Dow Chemical Company and Rohm and Haas Company Announces Early Results of Debt Tender Offers

The Dow Chemical Company announced the early results for its previously announced cash tender offers for certain notes issued by Dow and its subsidiary Rohm and Haas Company. In addition, the company announced it raised the tender cap, such that the aggregate principal amount sought in the tender offers is $700 million, versus the $500 million that was initially sought. As of 5:00 p.m., New York City time, on November 13, 2013 (the 'early tender time), Dow received tenders for approximately (i) $581 million aggregate principal amount of the 6.00% notes due 2017 issued by Rohm and Haas listed below, and (ii) $402 million aggregate principal amount of the 5.70% notes due 2018 issued by Dow listed below. The amount of tendered notes exceeds the previously announced tender cap of $500 million. Based on the revised $700 million tender cap and the proration terms of the tender offers, Dow accepted for purchase $414 million and $286 million aggregate principal amount of the 6.00% notes due 2017 and the 5.70% notes due 2018, respectively, validly tendered at or prior to the early tender time, resulting in aggregate consideration of $816 million (plus an additional $4.5 million in aggregate accrued interest). The notes that have been validly tendered at or prior to the early tender time and accepted in the tender offers will be purchased, retired and cancelled by the relevant issuer on the early settlement date, which is expected to occur on November 18, 2013. Dow also announced that it raised the tender cap from $500 million to $700 million. The expiration time of the tender offers is 12:00 midnight, New York City time, on November 27, 2013, unless extended. Because the amount of notes tendered at or prior to the early tender time exceeded the tender cap, Dow does not expect to accept for purchase any additional notes in the tender offers. Withdrawal rights for the tender offers have expired and have not been extended. Dow has retained BNP PARIBAS and BofA Merrill Lynch as Dealer Managers for the tender offers. Global Bondholder Services Corporation is the Information Agent and Depositary for the tender offers.

The Dow Chemical Company and Rohm and Haas Company Announce Plans to Retire $500 million Debt in the Fourth Quarter

The Dow Chemical Company has commenced cash tender offers for up to $500 million aggregate principal amount of the notes issued by Dow and its Rohm and Haas Company. Following consummation of the tender offers, the notes that are accepted for purchase will be retired and cancelled by the relevant issuer. The price paid in the offers for each series of notes will be determined based on the yield to maturity of the U.S. Treasury Reference Security plus an applicable fixed spread. Holders of notes purchased in the tender offers will also receive accrued and unpaid interest on such notes. The yield to maturity of the applicable U.S. Treasury Reference Security for each offer will be calculated by the dealer managers for each offer based on the bid-side price quoted on the applicable page of Bloomberg PX1 at 2:00 p.m., New York City time, on November 13, 2013. Notes validly tendered and not withdrawn on or before 5:00 p.m., New York City time, on November 13, 2013 will receive the total consideration, which includes an early tender amount equal to $30.00 per $1,000 principal amount of notes accepted for purchase. Notes tendered after the early tender time but prior to the expiration time, which is 12:00 midnight, New York City time, on November 27, 2013, will receive the tender offer consideration, which is equal to the total consideration less the early tender amount. No notes may be withdrawn from the tender offers after 5:00 p.m., New York City time, on November 13, 2013, except as required by law. The tender offers are subject to proration if oversubscribed. If the amount of notes validly tendered in the offers at or prior to the early tender time exceeds the tender cap, Dow will accept notes on a pro rata basis based on the amount of notes validly tendered prior to the early tender time. In that event, Dow will not accept any notes tendered after the early tender time.

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