Dow Chemical forms biotech alliances to bolster firm as a sector competitor

Article Abstract:

Dow Chemical is expected to announce a research and marketing agreement with a California-based biotech-research firm, Biosource Technologies Inc. Analysts have been waiting for Dow to show signs of taking a serious interest in the plants genetics industry, but, until now, the company has been out-dazzled by DuPont and Monsanto. In addition to Biosource, Dow will also set up an arrangement with Illinois Foundation Seeds Inc. whereby a new company, a clearinghouse, will be formed, called Advanced AgriTraits.

Comment:

To form marketing and research alliance with Dow Chemical

Company Planning/Goals, Chemicals & Allied Products, Chemical Manufacturing, Strategic alliances, Licensing/Sales Agreements, Nursery and Floriculture Production, Seeds, Chemicals, Dow Chemical Co. (Midland, Michigan), Article, Biosource Technologies Inc., Illinois Foundation Seeds Inc.

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Rohm & Haas agrees to acquire Morton for total of $4.6 billion in cash, stock

Article Abstract:

Rohm & Haas announced that it will take Morton International Inc. under its own umbrella, acquiring it for $4.6 billion in cash and stock. In the process it will also acquire some debt which is of some concern on Wall Street. Assets Rohm & Haas will acquire are salt, adhesives, polymers, coatings and electronics materials.

Comment:

Chemicals firm to acquire Morton Int'l

Asset sales & divestitures, Acquisitions & mergers, Basic Chemical Manufacturing, Specialty Chemicals, Spice and Extract Manufacturing, Table Salt, Abstract, Rohm and Haas Co., ROH, Salt (Food), Morton International Inc., MII

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