Dow Must Divest For $18B Rohm & Haas Deal: FTC

Law360, New York (January 23, 2009, 12:00 AM EST) -- The Federal Trade Commission approved Dow Chemical Co.'s $18.8 billion acquisition of rival Rohm and Haas Co. on Friday after Dow agreed to divest certain facilities and intellectual property related mainly to its acrylics businesses. The European Union signed off on the deal two weeks ago.

The consent agreement — which the agency approved unanimously Friday — requires Dow to sell a section of its acrylic monomer and polymer business, including research, development and production facilities in Louisiana, Illinois, California, West Virginia and North Carolina....
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