Rohm & Haas Denied in Court
An attempt by Rohm & Haas (NYSE:ROH) to shield the largest beneficiaries of the merger between Rohm and Dow Chemical (NYSE:DOW) from being deposed has been denied by the presiding judge in the case
My take on this is Dow will attempt to get the founding family on record saying they wished for the combined entity to survive. If Dow can then cast doubt on that should the merger be forced immediately, then they now have a huge continent of shareholders in essence wanting the merger to be delayed (not canceled).
Either way, it will be interesting..