European Commission approves Dow buyout of Rohm & Haas

01/9/2009 | Wall Street Journal, The

Regulators with the European Commission have approved Dow Chemical's acquisition of Rohm & Haas, even though the deal has appeared in doubt after a proposed joint venture between Dow and Kuwaiti-owned Petrochemical Industries collapsed last month. Without funds from the Kuwait deal, many say the Rohm & Haas acquisition is too expensive and risky, but the EC approval puts further pressure on Dow to move ahead with it.

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