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Warren Buffett gets busy |
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| By Paul R. La Monica, CNNMoney 2008-7-10 10:19:18 |
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NEW YORK (CNNMoney.com) -- American consumers aren't the only ones going shopping. So is Warren Buffett. Stocks initially rose Thursday morning thanks to better-than-expected sales reports from Wal-Mart (WMT, Fortune 500) and other top retail chains. But the other big corporate event of the day was the news that Dow Chemical (DOW, Fortune 500) agreed to buy rival specialty chemical maker Rohm & Haas (ROH, Fortune 500) for $78 a share, a whopping 74% premium to yesterday's closing price. |
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