The companies late last year received a request for additional information from the U.S. Federal Trade Commission. In addition, the European Commission launched a "second-phase" investigation of the merger in December; that review is expected to be completed in May. The merger was approved by Union Carbide shareholders on Dec. 1, 1999.
Second-Quarter Approval Seen For Dow-Carbide Merger
MIDLAND, MI - The Dow Chemical Co. and Union Carbide Corp. said they expect the regulatory review of the companies' proposed merger to be completed in the second quarter of this year.
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