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Sentrachem Ltd

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August 5, 1997 | (Bloomberg News)
Dow Chemical Co. agreed to buy Sentrachem Ltd. for $445 million in what would be the largest U.S. acquisition of a publicly traded South African company since apartheid ended in 1994. The purchase price for Sentrachem, which has posted losses for the last several years, represents a 33% premium over Sentrachem's closing price of Friday. Dow, known for its Handi-Wrap and Saran Wrap brands, among other products, will add Sentrachem's $1.2 billion in annual sales to its own $20 billion.
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BUSINESS
August 26, 1997 | From Bloomberg News
Dow Chemical Co. said Monday that South Africa's Sentrachem Ltd. has accepted a sweetened bid of $495 million, paving the way for Dow to compete against Monsanto Co.'s best-selling Roundup weed killer. Sentrachem, a producer of agricultural and industrial chemicals, had rejected Dow's Aug. 4 bid of $445 million. The transaction would be the largest purchase of a South African company by a U.S. firm since the end of apartheid in 1994.
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BUSINESS
August 26, 1997 | From Bloomberg News
Dow Chemical Co. said Monday that South Africa's Sentrachem Ltd. has accepted a sweetened bid of $495 million, paving the way for Dow to compete against Monsanto Co.'s best-selling Roundup weed killer. Sentrachem, a producer of agricultural and industrial chemicals, had rejected Dow's Aug. 4 bid of $445 million. The transaction would be the largest purchase of a South African company by a U.S. firm since the end of apartheid in 1994.
BUSINESS
August 5, 1997 | (Bloomberg News)
Dow Chemical Co. agreed to buy Sentrachem Ltd. for $445 million in what would be the largest U.S. acquisition of a publicly traded South African company since apartheid ended in 1994. The purchase price for Sentrachem, which has posted losses for the last several years, represents a 33% premium over Sentrachem's closing price of Friday. Dow, known for its Handi-Wrap and Saran Wrap brands, among other products, will add Sentrachem's $1.2 billion in annual sales to its own $20 billion.
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