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)
To discuss issues facing the chemical industry go to ICIS connect
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|