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Dow Chemical Confirms Delay in Rohm and Haas Acquisition

Deal pushed back due to 'macro-economic factors,' says company

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By: TOM BRANNA

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The Dow Chemical Company confirms it has informed Rohm and Haas that the company will not close the proposed acquisition on or before Jan. 27. According to Dow Chemical, it has determined that recent material developments have created unacceptable uncertainties on the funding and economics of the combined enterprise. This assessment is based on several “macro-economic factors” such as the continued crisis in global financial and credit markets combined with the failure of Petroch...

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