Dow receives FTC second request on R&H takeover

05 September 2008 14:41  [Source: ICIS news]

LONDON (ICIS news)--Dow Chemical has received a request for additional information from the US Federal Trade Commission (FTC) over its proposed acquisition of Rohm and Haas, the chemicals major said on Friday.

Complying with a 'Second Request' is usually very time-consuming and expensive, with firms tending to seek ways to reduce the time and expense involved, according to the FTC.

It was unclear whether the process - which requires the cooperation of antitrust authorities - would delay the takeover process.

Dow announced the $18.8bn acquisition of the US-based specialty chemical producer on 10 July 2008.

($1 = €0.70)

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By: Mark Watts
+44 20 8652 3214

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