18 July 2008 18:14 [Source: ICIS news]
HOUSTON (ICIS news)--The proposed $18.8bn (€11.8bn ) merger of US majors Dow Chemicals and Rohm and Haas could further concentrate the market for acrylic acid, an executive with Cytec Industries said on Friday.
Cytec buys acrylic acid and its derivatives from both companies, said David Lilley, chief executive.
"These markets are already quite concentrated," Lilley said. "We are really concerned about the potential for reduced competition."
As such, Cytec plans to follow the regulatory approval process for the proposed merger, Lilley said.
An analyst has commented that acrylates could pose a regulatory hurdle for the proposed merger.
($1 = €0.63)
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