The U.S. Federal Trade Commission is poised to give antitrust
clearance to Dow Chemical Co.'s (DOW) acquisition of Rohm &
Haas Co. (ROH), Bloomberg News reported, citing an unnamed person
familiar with the matter.
Dow won backing from FTC lawyers by agreeing to divest its
acrylic and emulsion businesses, Bloomberg reported Thursday,
citing a second person.
FTC approval would force Midland, Michigan-based Dow to complete
the takeover in two business days under the terms of its merger
agreement, Bloomberg said.
It said a Dow spokesman, Matt Henson, declined to comment, and
quoted Emily Riley, a spokeswoman for Philadelphia-based Rohm &
Haas, as saying, "We are working toward an early 2009 close."
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