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Technical Analysis
- 1/27/2009 2:23:34 AM
By Chip Brian, SmarTrend Analytics Team
Friday, Rohm & Haas Co. (NYSE:ROH) and The Dow Chemical Co. (NYSE:DOW) announced that the U.S. Federal Trade Commission (FTC) has accepted the merger of the two companies. Rohm & Haas (NYSE:ROH) generated annual sales estimated at $8.9 billion in 2007. The companies are now in talks of closing this merger after receiving the consent of the FTC. When the market closed Friday, shares of Rohm & Haas (NYSE:ROH) were up $5.36 to $65.82.
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