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Dow Posts Sharp Loss; Lays Out Defense in R&H Case

12:31 PM MST | February 9, 2009 | Robert Westervelt

Dow Chemical posted a fourth-quarter net loss of $1.56 billion as the global economic slowdown and inventory depletion across nearly all product chains fueled a 17% decline in Dow’s global volumes and decimated profits. Sales fell 23%, to $10.9 billion. Liveris: Closing deal would mean irreparable harm. Separately, Rohm and Haas (R&H) sued Dow late last month seeking to force the closure of Dow’s planned $18.8-billion R&H acquisition. Dow responded in legal filings last week that the deal’s consummation with current terms...

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