NewsFlashDow to miss Rohm and Haas merger deadline

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)

To discuss issues facing the chemical industry go to ICIS connect

By: Mark Watts
+44 20 8652 3214

AddThis Social Bookmark Button

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.

Printer Friendly