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Rohm and Haas Issues Statement on Merger with Dow

Published on 2008-12-30. Author : SpecialChem

PHILADELPHIA -- Rohm and Haas Company reiterated that the completion of the K-Dow Petrochemicals partnership between The Dow Chemical Company and Petrochemicals Industries Company of Kuwait is not a closing condition for the proposed merger between Rohm and Haas Company and The Dow Chemical Company.

Rohm and Haas Company and The Dow Chemical Company entered into a definitive agreement on July 10, 2008 providing for the acquisition of Rohm and Haas by Dow, subject to the terms of that agreement. Rohm and Haas Company shareholders approved this agreement on October 29, 2008.

Rohm and Haas Company continues to work diligently towards completing the proposed transaction with Dow in early 2009.

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.

Forward Looking Statements

This press release contains forward-looking statements that involve risks and uncertainties and are subject to change based on various 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.

Source: Rohm and Haas


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