Dow and Rohm and Haas Confirm FTC Clearance
January 23 2009 - 1:31PM
PR Newswire (US)
MIDLAND, Mich., Jan. 23 /PRNewswire-FirstCall/ -- The Dow Chemical
Company (NYSE:DOW) and Rohm and Haas Company (NYSE:ROH) announced
jointly today that the United States Federal Trade Commission has
voted to accept a consent decree agreed to by The Dow Chemical
Company. Rohm and Haas and Dow also stated that they are discussing
the closing of the transaction contemplated by their pending merger
agreement. About Dow With annual sales of $54 billion and 46,000
employees worldwide, Dow is a diversified chemical company that
combines the power of science and technology with the "Human
Element" to constantly improve what is essential to human progress.
The Company delivers a broad range of products and services to
customers in around 160 countries, connecting chemistry and
innovation with the principles of sustainability to help provide
everything from fresh water, food and pharmaceuticals to paints,
packaging and personal care products. References to "Dow" or the
"Company" mean The Dow Chemical Company and its consolidated
subsidiaries unless otherwise expressly noted. Note: The
forward-looking statements contained in this document involve risks
and uncertainties that may affect the Company's operations,
markets, products, services, prices and other factors as discussed
in filings with the Securities and Exchange Commission. These risks
and uncertainties include, but are not limited to, economic,
competitive, legal, governmental and technological factors.
Accordingly, there is no assurance that the Company's expectations
will be realized. The Company assumes no obligation to provide
revisions to any forward-looking statements should circumstances
change, except as otherwise required by securities and other
applicable laws. About Rohm and Haas About Rohm and Haas Company
Leading the way since 1909, Rohm and Haas is a global pioneer in
the creation and development of innovative technologies and
solutions for the specialty materials industry. The company's
technologies are found in a wide range of industries including:
Building and Construction, Electronics and Electronic Devices,
Household Goods and Personal Care, Packaging and Paper,
Transportation, Pharmaceutical and Medical, Water, Food and Food
Related, and Industrial Process. Innovative Rohm and Haas
technologies and solutions help to improve life every day, around
the world. Based in Philadelphia, PA, the company generated annual
sales of approximately $8.9 billion in 2007. Visit
http://www.rohmhaas.com/ for more information. imagine the
possibilities(TM) Forward-Looking Statements This press release
contains forward-looking statements that involve risks and
uncertainties and are subject to change based on various factors.
These factors include, but are not limited to (1) the cost of raw
materials, natural gas, and other energy sources, and the ability
to achieve price increases to offset such cost increases, (2)
development of operational efficiencies; (3) changes in foreign
currencies; (4) changes in interest rates; (5) the continued timely
development and acceptance of new products and services; (6) the
impact of competitive products and pricing; (7) the impact of new
accounting standards; (8) assessments for asset impairments; (9)
the impact of tax and other legislation and regulation in the
jurisdictions in which the company operates; (10) the occurrence of
any event, change or other circumstances that could give rise to
the termination of the merger agreement between Rohm and Haas
Company and The Dow Chemical Company or to the failure of any
condition to be satisfied; (11) the risk that the proposed
transaction disrupts current plans and operations and the potential
difficulties in employee retention as a result of the merger; and
(12) the possibility that Rohm and Haas may be adversely affected
by other economic, business, and/or competitive factors. Many of
these factors are beyond Rohm and Haas's ability to control or
predict. Actual results could vary materially from those expressed
or implied in the forward-looking statement. Further information
about these and other risks can be found in the company's SEC 10-K
filing of February 21, 2008, and updated in the 8-K filing on June
6, 2008. This press release speaks only as of its date. Rohm and
Haas is under no duty to update this information. Copies of all
recent SEC filings, and additional information about Rohm and Haas,
are available through our web site: http://www.rohmhaas.com/
DATASOURCE: The Dow Chemical Company CONTACT: Investor Relations:
Howard Ungerleider, Vice President, Investor Relations,
+1-800-422-8193, , or Media Relations: David Winder,
+1-989-636-0626, , both of The Dow Chemical Company; or Contacts
for The Rohm and Haas Company: Investor Relations: Andrew Sandifer
Director, Investor Relations, +1-215-592-2714, , or Media
Relations: Emily Riley, Corporate Communications, +1-215-592-3644,
Web site: http://www.dow.com/ http://www.rohmhaas.com/ Company News
On-Call: http://www.prnewswire.com/comp/252850.html
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