NEW YORK Dec 6 Dow Chemical Co (DOW.N) has emerged in the recession as a bolder, stronger and better-balanced company, due largely to its purchase of speciality-chemicals maker Rohm & Haas in April, Barron's said on Sunday.
The deal, which was considered expensive when it was first unveiled, allowed Dow to buy a business that would increase its exposure to high-margin specialty materials and reduce its reliance on lower-margin commodity products, the financial newspaper said.
That exposure coupled with the company's growing investments in emerging markets and cost savings have put Dow on track to exceed Wall Street profit expectations as the recession fades and eventually boost its shares.
Dow Chemical's stock fell 16 cents, or 0.6 percent, to close at $27.48 on the New York Stock Exchange. (Reporting by Deepa Seetharaman; Editing by Jan Paschal)