I bought 100 shares of Rohm & Haas Company(ROH) at $53.45 as an arbitrage play. Dow Chemical agreed to purchase Rohm & Haas for $78 per share earlier this year. The Kuwaiti government pulled out of a 17.4 billion dollar deal with Dow Chemical which could hurt financing for the Dow Chemical-Rohm & Haas deal. ROH stock is down over 17% today amid risk that the deal may not be completed.  I think the deal will still get done just not at the $78 price offered. Dow Chemical already has the bank financing in place along with a 3 billion dollar investment from Warren Buffett’s Berkshire Hathaway. Dow needs this deal and would be subject to liability lawsuits if they back out. I think the deal gets done but at a lower price.