Dow, Rohm & Haas, Reach Agreement on Sale

Midland, MI, March 9, 2009--Dow Chemical has reached a tentative agreement to buy Rohm & Haas.

According to reports, terms were similar to the $78 a share agreed upon in July, the Wall Street Journal reported on its Web site Monday.

The settlement came hours before a deadline set by a Delaware judge in a suit brought against Dow Chemical by Rohm & Haas for failing to complete the transaction in January, the newspaper said.

In late January, Dow put the deal on hold due to concerns over funding and the difficult economy.