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4-Traders Homepage  >  Equities  >  Nyse  >  Dow Chemical Co    DOW

Delayed Quote. Delayed  - 08/24 10:02:28 pm
53.61 USD   -0.32%
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DOW CHEMICAL : Dow Receives FTC Request for Additional Information Regarding Proposed Acquisition of Rohm and Haas

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09/05/2008 | 02:48pm CEST

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.

About Dow

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

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