Contrary to optimism, the biggest concern is has DOW done a SGH?...

Contrary to optimism, the biggest concern is has DOW done a SGH? SGH the takeover of quindel and the demise. SGH was trading at around $8 and business was traveling well however the acquisition of quindel and the aftermath that followed saw SGH tumble to an all time low of $0.04.
Ironically DOW was trading close to $8 prior to the proposed take over of SPO and already the market has responded sending the share price to $5.50. Has DOW bought a dog riddled with fleas? SPO SP has been free falling, shrinking profits and large debt. One has to think did DOW bottom pick and buy an an opportune time or did they pay overs for a failing business? I think either way DOW will make the venture successful however it may take a couple of years to pull this one off.