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WSF Headline Roundup - 12/29/08 - Rohm & Haas deal in trouble $ROH; IndyMac finally sold?; Pound drops to record low vs euro; Unions looking for payback from Obama for their support; Steel industry production gloom; Retail gloom (flag)
wallstfolly.typepad.com — Rohm & Haas Stock Falls As Dow Chem Deal in Kuwait Scuttled IndyMac Is Set to Be Sold to Private Investors Dune Capital Is Potential Buyer for IndyMac Pound drops to fresh record low against euro Unions Look for New...

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JC Flowers and others close to IndyMac deal: source (Reuters)
news.yahoo.com 12/29/2008 — Reuters - A consortium of private equity and hedge fund firms, including J.C. Flowers & Co, is close to a deal to buy the assets of failed mortgage lender IndyMac, a source familiar with the matter said on Sunday.
Reuters - A consortium of private equity and hedge fund firms, including J.C. Flowers & Co, is close to a deal to buy the assets of failed mortgage lender IndyMac, a source familiar with the matter said on Sunday.
IndyMac deal slowed by Fannie mortgage issues — IEHI Feed: The Hedge Fund Implode-o-Meter
"The pending sale of failed mortgage lender IndyMac hit a snag as mortgage giant Fannie Mae negotiates with federal regulators over the value of about $1 billion in obligations it believes IndyMac owes it, according to a source familiar with the matter."
Kuwait Dumps Dow, Israel Strikes Gaza, Dollar Drops — TradingMarkets
The first day of the last week in 2008 has not relaxed the negative onslaught on stocks. News of Kuwait dumping its financing deal for the Dow Chemical/Rohm Haas merger sent stocks wheeling lower.
Barclays says Dow-Rohm and Haas deal may not be hurt — Newsback
Post Barclays says Dow-Rohm and Haas deal may not be hurt
Kuwaitis send Dow Chemicals and Rohm & Haas reeling as JV is called off — Phil’s Stock World
Today’s tickers: DOW, ROH, CVS, LDK, KEY & C DOW – Dow Chemicals Company – We noted in our Wednesday commentary that emergent talk that the K-Dow joint-venture with Kuwait was on the ropes. Over the weekend the Kuwaitis landed a crunching body-blow as they called off ...
Options Update: Rohm and Haas volatility elevated at 146 into canceled financing — BloggingStocks
Rohm and Haas (NYSE- ROH ) is recently trading at $48.66 in pre-open trading, below its close of $63.56. ROH, the acquisition target of Dow Chemical (NYSE- DOW ), lost access to $9 billion of Kuwait financing. January option implied volatility of 146 is above its 26-week average of 29, ...
Kuwait Kills Off Joint Venture with Dow Chemical — Emini Addict
The Persian Gulf country decides to scrap deal that would have to paid Dow $7.5 billion for a half stake in several chemical plants just a week before the venture was to go into effect. Now Dow has to scramble to find cash to complete its proposed acquisition of rival Rohm & Haas. Morning Call: ...
Dow Chemicals deal on the ropes — Phil’s Stock World
Today’s tickers: DOW, ROH, PHM & SYMC DOW – Dow Chemicals Company – It seems like many moons ago in July that Dow Chemicals offered to pay $78 per share to buy specialty chemicals maker, Rohm and Haas Co. In order to do so they are relying on a special dividend ...
Irregularity Uncovered at IndyMac — DealBook
Two months before IndyMac Bancorp collapsed in July, at a cost of $8.9 billion to taxpayers, a top federal banking regulator allowed the bank to backdate a capital infusion and gloss over its deepening problems, The New York Times’ Edmund L. Andrews reported, citing the Treasury ...
OTS Official Accused of Backdating IndyMac Capital Infusion — Calculated Risk
From the WSJ: OTS Let IndyMac Backdate Infusion The Treasury Department's inspector general is probing the Office of Thrift Supervision for permitting a backdated capital infusion into IndyMac Bancorp a few months before its collapse in July. The infusion allowed the bank to be classified as ...