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Updated from 1:20 p.m. EST
Shares of Rohm & Haas(ROH Quote) and Dow Chemical(DOW Quote) surged Friday on news that the two companies were discussing their disputed $15 billion merger, which was set for a trial Monday in Delaware.
Philadelphia-based Rohm & Hass was soaring 19%, or to $63.80, while Dow was up 9.9% to $7.11.
Dow said it would buy Rohm & Haas last summer. But the economy has deteriorated rapidly since then and a separate joint venture with a Kuwaiti company, from which Midland, Mich.-based Dow expected more than $7 billion, collapsed. Dow tried to put the deal on hold, which prompted the lawsuit by Rohm & Haas. ...
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