Ashland Chemical, the largest US chemical distributor, acquired chemical manufacturer Hercules Inc. for ($3.3) billion. This move
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Ashland Chemical, the largest US chemical distributor, acquired chemical manufacturer Hercules Inc. for \($3.3\) billion. This move followed Dow Chemical Company’s purchase of Rohm & Haas. The justification for both acquisitions was to diversify earnings and offset higher oil costs. How will this business combination offset escalating oil costs?
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By acquiring Hercules Inc Ashland Chemical can now vertically inte...View the full answer
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Related Book For 
Mergers Acquisitions And Other Restructuring Activities
ISBN: 9780128016091
9th Edition
Authors: Donald DePamphilis
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