Rohm and Haas Updates Status of Regulatory Process for Pending Acquisition by the Dow Chemical Company
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Rohm and Haas Company reported that the European Commission has determined that the pending acquisition of Rohm and Haas by The Dow Chemical Company does not contravene EC competition law. With this decision, the transaction has obtained all necessary approvals in Europe.
The sole remaining regulatory clearance necessary for the transaction to close is that of the U.S. Federal Trade Commission.
According to the company, Rohm and Haas Company continues to work diligently towards completing the proposed transaction with Dow in early 2009.