26 January 2009 14:34 [Source: ICIS news]
LONDON (ICIS news)--Dow Chemical does not intend to close its proposed $18.8bn (€14.5bn) acquisition of US speciality chemicals group Rohm and Haas before the Tuesday 27 January deadline, Rohm and Haas said in a statement on Monday.
The deal was cleared by the US Federal Trade Commission (FTC) on Friday, starting a countdown of two business days for the merger to close, as agreed by the two companies.
($1 = €0.77)
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