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Rohm Hass Co

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February 2, 1999 | Associated Press
Chemical manufacturing giant Rohm & Haas Co. has agreed to buy salt and chemical giant Morton International Inc. for $4.6 billion in cash and stock. The transaction would form the world's No. 2 maker of specialty chemicals with annual revenue of $6.5 billion. About 1,150 jobs will be cut after the companies combine, contributing to annual cost savings of about $200 million, said J. Lawrence Wilson, chief executive of Rohm & Haas. The two companies together employ about 23,000 people.
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BUSINESS
February 2, 1999 | Associated Press
Chemical manufacturing giant Rohm & Haas Co. has agreed to buy salt and chemical giant Morton International Inc. for $4.6 billion in cash and stock. The transaction would form the world's No. 2 maker of specialty chemicals with annual revenue of $6.5 billion. About 1,150 jobs will be cut after the companies combine, contributing to annual cost savings of about $200 million, said J. Lawrence Wilson, chief executive of Rohm & Haas. The two companies together employ about 23,000 people.
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