Rohm and Haas's Former CEO on Pulling Off a Sweet Deal in a Down Market
Raj Gupta had led the specialty chemical company Rohm and Haas without drama for years when some of its most important shareholders asked him to orchestrate its sale. Surprised but determined to do his best for the company, in July 2008 he arranged an $18 billion deal with competitor Dow Chemical, which the industry press called "the deal of the century." But Dow was relying on cash from a planned joint venture of its own with Kuwait Petroleum, and when the stock market plummeted, the joint venture-and Dow's financing-fell through. Then things got really interesting. Would Dow try to walk away from the deal? Could Rohm and Haas insist that it go through in spite of the unforeseen global meltdown? How airtight was that agreement? Gupta, who learned he had cancer in the midst of all this, had to find a way through the complicated financial and economic issues. In this first-person account he talks about the most difficult deliverable ever asked of him-seeing through the sale of his company as the world economy was collapsing.
【書誌情報】
ページ数:8ページ
サイズ:A4
商品番号:HBSP-R1011A
発行日:2010/11/1
登録日:2012/3/28