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Acquisition of Morton Salt K+S and Dow Chemical Confirm FTC Clearance

Kassel (euro adhoc) -

K+S Aktiengesellschaft / Acquisition of Morton Salt
K+S and Dow Chemical Confirm FTC Clearance
  Corporate news transmitted by euro adhoc. The issuer/originator is solely
  responsible for the content of this announcement.
Mergers - Acquisitions - Takeovers/K+S / Morton Salt
Utl.: K+S Aktiengesellschaft / Acquisition of Morton Salt
K+S and Dow Chemical Confirm FTC Clearance =
Kassel, 28 September 2009
Acquisition of Morton Salt
K+S and Dow Chemical Confirm FTC Clearance
K+S Aktiengesellschaft and The Dow  Chemical  Company  announced  
jointly  today that the United States Federal Trade Commission (FTC) 
has  voted  to  accept  a consent decree agreed to by K+S 
Aktiengesellschaft.
The acceptance of the consent decree by the FTC clears the parties to
close  the acquisition by K+S of Morton International Inc., the salt 
business of  Rohm  and Haas Company. The two companies expect that 
the closing of the transaction  will take place  within the next few 
days.
K+S already fulfilled the requirements by the  FTC  for  selling  
bulk  de-icing salt assets in Maine and Connecticut. The impact on 
the business,  generated  by these divestitures is minor. Following 
the acquisition of Morton Salt, K+S  will become the largest salt 
producer in the world.
Dow will use the USD 1.68 billion in gross proceeds  from  the  sale 
of  Morton Salt to fully pay off the balance of a bridge loan Dow 
used  to  partially  fund its acquisition of Rohm and  Haas.  The  
payoff  of  this  short-term  financing facility comes well ahead of 
Dow's goal to pay the loan off by the  end  of  the year.
About the K+S Group K+S is  one  of  the  world's  leading  suppliers
of  speciality  and  standard fertilizers, plant care as well as salt
products. With its products and  brands, K+S offers its customers  a 
range  of  needs-based  goods  and  services  which provides growth 
opportunities in virtually every sphere of daily life.  The  K+S 
Group employs more than 12,000 people and achieved revenues of just 
under EUR 5.0 billion  in  2008.  K+S  is  quoted  on  all  German  
stock   exchanges   (ISIN: DE0007162000, symbol: SDF) and listed on 
the DAX® share index. More  information about K+S can be found at 
www.k-plus-s.com.
About The Dow Chemical Company Dow is a diversified chemical company 
that combines the  power  of  science  and technology with the "Human
Element" to constantly improve what is  essential  to human progress.
The Company delivers a broad range of products and  services  to 
customers in approximately 160 countries, connecting  chemistry  and 
innovation with the principles of sustainability to  help  provide  
everything  from  fresh water,  food  and  pharmaceuticals  to  
paints,  packaging  and  personal   care products. In 2008, Dow had 
annual sales of about USD  58  billion  and  employed approximately 
46,000 people worldwide. The Company has 150  manufacturing  sites in
35 countries and produces approximately 3,300 products.  On  April  
1,  2009, Dow acquired Rohm and Haas Company, a global specialty  
materials  company  with sales of USD 10 billion in 2008, 98 
manufacturing  sites  in  30  countries  and approximately 15,000 
employees worldwide. References to "Dow" or  the  "Company" mean  The
Dow  Chemical  Company  and  its  consolidated  subsidiaries   unless
otherwise  expressly  noted.  More  information  about  Dow  can  be 
found   at www.dow.com.
Your contact persons at K+S:
Press:
Michael Wudonig
phone: +49 561 9301-1262
fax: +49 561 9301-1666 
michael.wudonig@k-plus-s.com
Investor Relations:
Christian Herrmann
phone: +49 561 9301-1460
fax: +49 561 9301-2425 
christian.herrmann@k-plus-s.com
Your contact persons at The Dow Chemical Company:
Bob Plishka
Phone: +1 989 638-2288 
bplishka@dow.com

Further inquiry note:

Your contact persons at K+S:
Press:
Michael Wudonig
phone: +49 561 9301-1262
fax: +49 561 9301-1666
michael.wudonig@k-plus-s.com

Branche: Chemicals
ISIN: DE0007162000
WKN: 716200
Index: DAX, Midcap Market Index, CDAX, Classic All Share, HDAX,
Prime All Share
Börsen: Frankfurt / regulated dealing/prime standard
Berlin / regulated dealing
Hamburg / regulated dealing
Stuttgart / regulated dealing
Düsseldorf / regulated dealing
Hannover / regulated dealing
München / regulated dealing

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