DOW CHEMICAL : Dow Receives FTC Request for Additional Information Regarding Proposed Acquisition of Rohm and Haas
09/05/2008| 08:48am US/Eastern
MIDLAND, Mich., Sept. 5 /PRNewswire-FirstCall/ -- The Dow Chemical Company
(NYSE: DOW) today announced that it has received a request for additional
information, commonly referred to as a "Second Request," from the U.S. Federal
Trade Commission ("FTC") regarding Dow's proposed acquisition of Rohm and
Haas, which was announced on July 10, 2008.
This request for additional information from the FTC is a normal and
expected part of the regulatory process under the Hart-Scott-Rodino Antitrust
Improvements Act of 1976 ("HSR").
Dow intends to comply with the Second Request in a timely fashion and will
work with the FTC, European Commission and other national regulatory
authorities to ensure a successful and expeditious close of the acquisition.
Completion of the transaction remains subject to Rohm and Haas shareholder
approval and customary closing conditions.
With annual sales of $54 billion and 46,000 employees worldwide, Dow is a
diversified chemical company that combines the power of science and technology
with the "Human Element" to constantly improve what is essential to human
progress. The Company delivers a broad range of products and services to
customers in around 160 countries, connecting chemistry and innovation with
the principles of sustainability to help provide everything from fresh water,
food and pharmaceuticals to paints, packaging and personal care products.
References to "Dow" or the "Company" mean The Dow Chemical Company and its
consolidated subsidiaries unless otherwise expressly noted. More information
about Dow can be found at www.dow.com .
Note: The statements contained in this document involve risks and
uncertainties that may affect the Company's operations, markets, products,
services, prices and other factors as discussed in filings with the Securities
and Exchange Commission. These risks and uncertainties include, but are not
limited to, economic, competitive, legal, governmental and technological
factors. Accordingly, there is no assurance that the Company's expectations
will be realized. The Company assumes no obligation to provide revisions to
any forward-looking statements should circumstances change, except as
otherwise required by securities and other applicable laws.
SOURCE The Dow Chemical Company