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Rohm and Haas to Pursue Alternatives to Dow Acquisition
January 26, 2009 | Business WireEstimated reading time: Less than a minute
Rohm and Haas Company announced today that it has been advised by The Dow Chemical Company that Dow does not intend to close the pending acquisition of Rohm and Haas on or before Tuesday, January 27, 2009. Rohm and Haas and Dow have received all required approvals for the closing and the merger agreement requires that Dow close by such date.
Rohm and Haas stated that it intends to pursue all available alternatives to protect its shareholders' interests.
About Rohm and Haas
Leading the way since 1909, Rohm and Haas is a global pioneer in the creation and development of innovative technologies and solutions for the specialty materials industry. The company's technologies are found in a wide range of industries including: Building and Construction, Electronics and Electronic Devices, Household Goods and Personal Care, Packaging and Paper, Transportation, Pharmaceutical and Medical, Water, Food and Food Related and Industrial Process.
Innovative Rohm and Haas technologies and solutions help to improve life every day, around the world. Based in Philadelphia, Pennsylvania, the company generated annual sales of approximately $8.9 billion in 2007. Visit http://www.rohmhaas.com/ for more information.