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Rohm and Haas Co. has reported that the European Commission has determined the pending acquisition of Rohm and Haas by The Dow Chemical Co. (Dow) does not contravene EC competition law. With this decision, the transaction has obtained all necessary approvals in Europe.
PHILADELPHIA - Rohm and Haas Co. has reported that the European Commission has determined the pending acquisition of Rohm and Haas by The Dow Chemical Co. (Dow) 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.
Rohm and Haas Co. continues to work diligently towards completing the proposed transaction with Dow in early 2009.
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