Friday, January 09, 2009

Proposed Rohm and Haas acquisition deal approved by EC; yet to receive U.S. FTC approval

The yet-to-complete US$15.3 bln acquisition of specialty chemical maker Rohm and Haas by American chemical major Dow Chemical Co has been given a green signal by the European Commission (EC). As per aa release posted by Rohm and Haas, EC has determined that the deal does not infringe EC competition law thereby making certain receipt of all mandatory approvals in Europe.

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