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Dow: Rohm and Haas Closing Proceeding |
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Written by Mike Buetow
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Tuesday, 16 September 2008 |
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NEW YORK – Dow Chemical told analysts today its acquisition of Rohm and Haas would close in the early part of 2009. Financing for the $15.3 billion deal is in place and efforts to obtain regulatory approvals are ongoing, Dow CFO Geoffery Merszei said.
Speaking at the Credit Suisse Chemical and Ag Science Conference, Merszei said the company would seek to keep much of Rohm and Haas’ management. He added Dow would not seek other large acquisitions over the coming year as it absorbs Rohm and Haas.
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