Business News
Delaware Court of Chancery Grants Rohm and Haass Request for Expedited Hearing in Litigation with the Dow Chemical Company
Wednesday 28. January 2009 - Rohm and Haas Company (NYSE:ROH) has announced that the Court of Chancery of the State of Delaware granted Rohm and Haass request for expedited proceedings in the case of Rohm and Haas Co. v. The Dow Chemical Co. (NYSE:DOW), et al.
The trial on Rohm and Haass complaint for an order requiring Dow to close its merger with Rohm and Haas is now scheduled to commence on March 9, 2009, in Georgetown, Delaware, and is scheduled to be concluded that week
Rohm and Haas filed its action on Monday, January 26, 2009, with the Court of Chancery of the State of Delaware to enforce the merger agreement with Dow entered on July 10, 2008. Under the merger agreement, Dow is required to close the transaction within two business days of receiving all regulatory approvals. The last of the required regulatory approvals to close the deal was received from the U.S. Federal Trade Commission on Friday, January 23, 2009.